Nick Timiraos, a Wall Street Journal reporter, wrote an article on November 14 about consumer prices rising slightly in October. This came after the slowest growth rate in three and a half years was reached in September. This suggests that inflation is still unstable and may not be enough to prevent the Federal Reserve (Fed) from cutting interest rates again in December.
However, strong consumer spending and steady hiring show that inflation might be increasing, leading to discussions about slowing the rate cuts early next year. Some Fed officials want to avoid cutting rates too low and having to reverse policy later.
