Fed Whisperer: Inflation Remains Resilient, But Not Enough to Derail Fed's December Rate Cut Plan

BlockBeats News, November 14th, in a recent article by the "Fed Hearings" and prominent Wall Street Journal journalist Nick Timiraos, it was stated that consumer prices in October rebounded slightly after hitting the slowest pace of growth in three and a half years last month, indicating that inflation continues to trend lower on an uneven and bumpy path. The latest report may not be enough to deter the Fed from another rate cut in December. However, coupled with robust consumer spending and stable hiring, a strengthening inflation could spark a larger debate at officials' next meeting – discussing whether to slow down the pace of rate cuts early next year.

If Fed officials proceed with a rate cut in December, attention may shift to the reasons that would prompt them to slow down the pace of rate cuts next year. Several officials mentioned on Wednesday that they hope to avoid lowering rates too much to prevent being forced to reverse policy again. (Jinshi)