Fed in a holding pattern as inflation delays approach to any soft landing

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Fed in a holding pattern as inflation delays approach to any soft landing

By Howard Schneider WASHINGTON (Reuters) – Inflation showing no recent sign of slowing or narrowing in scope leaves U.S. Federal Reserve policymakers challenged this week over how to characterize their next steps even as the countdown to a contentious U.S. presidential election continues. The Fed is seen holding its benchmark interest rate steady at 5.25%-to-5.5% at its April 30-May 1 meeting, and a key judgment in the current policy stateme…