TechFlow news, January 13 — According to Jinshi Data, "Fed whisperer" Nick Timiraos reported that the December consumer price index (CPI) is unlikely to alter the Federal Reserve's current wait-and-see stance, as officials likely want to see more evidence that inflation is stabilizing and gradually declining before cutting rates. The Fed has lowered its benchmark interest rate at each of its last three meetings, most recently in December, even though inflation stalled last year. Officials cut rates due to concerns about a greater-than-expected slowdown in the labor market. To resume rate cuts, Fed officials may need to see fresh evidence of deteriorating labor market conditions or easing price pressures—particularly the latter, which might require several more months of inflation data to become evident.
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