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Inflation is nearly back to 2%. So why isn't the Federal Reserve ready to cut rates?

From Wall Street traders to car dealers to home buyers, Americans are eager for the Federal Reserve to start cutting interest rates and lightening the heavy burden on borrowers. Inflation, as measured by its preferred gauge, rose in the second half of 2023 at an annual rate of about 2% โ€” the Fedโ€™s target level. Yet several central bank officials have underscored that they arenโ€™t ready to pull the trigger just yet. Most of the Fedโ€™s policymakers have said theyโ€™re optimistic that even wh...
United States Eric Swanson David Kelleher Chrysler Andrea Kugler Loretta Mester University Of California
Source: kob.com

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Inflation is nearly back to 2%. So why isn't the Federal Reserve ready to cut rates?

From Wall Street traders to car dealers to home buyers, Americans are eager for the Federal Reserve to start cutting interest rates and lightening the heavy burden on borrowers. The Fed is widely expected to do so this year — probably several times. Inflation, as measured by its preferred gauge, rose in the second half of 2023 at an annual rate of about 2% — the Fed's target level.
United States Eric Swanson David Kelleher Chrysler Loretta Mester Andrea Kugler Federal Reserve Bank
Source: yahoo.com

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