Fed's mouthpiece: Inflation remains firm, but not enough to disrupt the Fed's December rate cut plan

Federal Reserve mouthpiece and renowned Wall Street Journal reporter Nick Timiraos recently wrote that consumer prices in October slightly rebounded after recording the slowest growth rate in three and a half years last month, indicating that inflation continues to decline on an uneven and rugged path. The latest report may not be enough to prevent the Federal Reserve from cutting interest rates again in December. However, with robust consumer spending and stable hiring, stronger inflation could spark a larger debate at officials' next meeting - discussing whether to slow down the pace of rate cuts early next year.