Reported 16 days ago
The Federal Reserve faces a persistent inflation challenge as recent economic data indicates minimal progress towards its 2% goal. With November's Consumer Price Index showing an expected annual rise in headline inflation to 2.7%, discussions among economists suggest a gradual approach to interest rate cuts may be necessary. As wage growth plateaus and the labor market shows signs of slowing, experts warn against drastic measures that might jeopardize sustainable economic growth.
Source: YAHOO