The Fed isn't done looking at inflation data yet

Published On Sep 13, 2024, 6:00 AM

The Federal Reserve is closely monitoring inflation data as it approaches a potential interest rate cut. Recent reports indicate that inflation is easing, with the Consumer Price Index (CPI) rising at its slowest pace in three years. Despite some metrics showing stronger-than-expected inflation, concerns remain regarding the labor market's stability. Experts anticipate the Fed will focus on maintaining employment levels while navigating its dual mandate of controlling inflation and fostering job growth. The balance between these two priorities will likely influence the Fed's decision-making in the near future.