Spotlight: U.S. Fed unlikely to offer new guidance on rates this week

WASHINGTON, Sept. 15 (Xinhua) -- While U.S. Federal Reserve has adopted a new policy strategy on inflation, the central bank is unlikely to provide new forward guidance on short-term interest rates at its meeting this week, economists have said.

During the Kansas City Fed's annual Jackson Hole research conference held last month, Fed Chairman Jerome Powell announced that the central bank will seek to achieve inflation that averages 2 percent over time. The new strategy would allow a modest overshoot of inflation so as to trigger more "inclusive" employment and wage gains.