WSJ's Timiraos says "US CPI report isn't likely to change the Fed's wait-and-see posture, as officials will likely want to see more evidence that inflation is levelling off and then declining before cutting rates"
Importance
Level 1
- "To resume rate cuts, Fed officials are likely to need to see either new evidence that job-market conditions are weakening or that price pressures are fading. It could take at least a couple more months of inflation reports for the latter to materialise."
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