Two strong inflation reports just made the Fed’s 2025 rate cut outlook a lot ‘murkier.’
This week’s inflation numbers aren’t doing the Fed any favors in reaching its 2% target, which could impact how much they cut interest rates in 2025. Here’s what’s going on: On Wednesday, we saw the “core” Consumer Price Index (CPI)—which skips food and gas prices since they tend to bounce around—staying steady with a 3.3% […]