Reported 11 days ago
The Federal Reserve prepares for a cautious approach to inflation and rate adjustments in 2025, as Chair Jerome Powell recently cut interest rates by 25 basis points. Economist Tom Porcelli emphasizes that the Fed's reliance on specific data points creates narrative challenges due to the volatility of current economic data, indicating a mismatch between their claims of being data dependent and the reality of their decision-making process.
Source: YAHOO