Federal deficit projected to rise to $46.5 billion in 2023-24, up from an estimated $38.7 billion for 2022-23
Governors held key interest rate steady last month, but signalled they haven't closed the door to more rate hikes if needed
Global oil market faces wide range of upside, downside risks
But prices continue to rise faster than is consistent with the Fed's 2% target
The Fed may be able to avoid a rate hike at its next two-day meeting
Biggest year-over-year gain since April
Higher borrowing costs could lead Federal Reserve to forgo another hike
American employers posted 9.6 million job openings in August, up from 8.9 million in July
Deputy governor says the bank is rethinking its assumptions about what drives inflation
Annual rate pegged at 4.3% this month, a drop from 5.2% in August