BlockBeats reports that on November 14, Nick Timiraos, a well-known Wall Street Journal reporter, wrote an article saying that consumer prices went up slightly in October after reaching their slowest growth rate in 3.5 years last month. This suggests that inflation is still on a bumpy road, and the latest report may not be enough to stop the Fed from cutting interest rates again in December.
However, strong consumer spending and steady hiring could lead to a bigger debate at the officials’ next meeting about whether to slow down the rate cuts early next year. If the Fed continues to cut interest rates in December, the focus may be on what will make them slow down the rate cuts next year.
Some officials said they want to avoid cutting rates too low and having to change their policy again.
