The Fed has the proof it wants that inflation is slowing, but the next move is still up in the air

[Pelican Press 0]

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The Fed has the proof it wants that inflation is slowing, but the next move is still up in the air

Federal Reserve officials head into their policy meeting Tuesday closer to their goal of low inflation, but how much they will ease back on interest rates ******** an open question.

A week’s worth of inflation data showed that price pressures have eased substantially since their meteoric rise in 2021-22. One gauge of consumer prices showed 12-month inflation at its lowest since February 2021, while wholesale price measures indicated pipeline price increases are mostly under control.

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