Fed Reserve says inflation is cooling but more evidence is needed to merit rate cuts

  • 2 months ago
Fed Reserve says inflation is cooling but more evidence is needed to merit rate cuts
Transcript
00:00Federal Reserve officials welcomed indications inflation is actually slowing down and even
00:06pointed out data showing the job market and the economy in general are improving.
00:10If this continues, the Fed will likely cut its benchmark interest rate, which reached its 23-year
00:16peak at 5.3 percent. Policymakers during the Fed meeting saw several factors that
00:23is projected to cause an ease in inflation in the coming months.

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