According to BlockBeats, on November 14, Nick Timiraos, a well-known reporter for the Wall Street Journal and the “Federal Reserve’s mouthpiece”, wrote in his latest article that consumer prices in October rebounded slightly after hitting the slowest growth rate in 3 and a half years last month, indicating that inflation continues to move lower on an uneven and bumpy road. The latest report may not be enough to prevent the Fed from cutting interest rates again in December. However, coupled with solid consumer spending and stable hiring, stronger inflation may set off a bigger debate at the next meeting of officials - whether to slow down the pace of interest rate cuts early next year.
If Fed officials go ahead with their December rate cuts, the focus may turn to what prompted them to slow the pace of rate cuts next year. Several officials said on Wednesday that they want to avoid lowering rates too low and being forced to reverse policy again.