Reported about 14 hours ago
A group of Federal Reserve officials expressed optimism that inflation is on a downward trend following recent consumer price data that showed a smaller than expected increase in December. Despite recognizing the need to further pursue their 2% inflation target, officials like New York President John Williams and Chicago Fed President Austan Goolsbee acknowledged the improvements while highlighting the ongoing strength of the labor market. They remain cautious about potential rate cuts in the near future, attributing recent market shifts to various economic factors rather than immediate changes in monetary policy.
Source: YAHOO