Nick Timiraos: December CPI is unlikely to change the Fed's wait-and-see attitude

According to Jinshi reports, "Fed's mouthpiece" Nick Timiraos stated that the Consumer Price Index (CPI) for December is unlikely to change the Federal Reserve's current wait-and-see attitude. Officials want to see more evidence that inflation is stabilizing and gradually declining before considering rate cuts. The Fed has lowered the benchmark interest rate in the last three meetings, with the most recent cut in December, even though inflation stopped declining last year. To resume rate cuts, officials may need to see new evidence of worsening labor market conditions or easing price pressures.