Svmuu News: “Federal Reserve” Nick Timiraos: The December Consumer Price Index (CPI) is unlikely to change Federal Reserve the current wait-and-see stance, as officials will likely want to see more evidence that inflation is stabilizing and gradually declining before cutting rates. Federal Reserve They have cut the benchmark interest rate at three consecutive meetings, most recently in December, even though inflation stopped falling last year. Officials cut rates out of concern that the labor market might slow more than expected.To resume rate cuts, Federal Reserve officials may need to see new evidence that labor market conditions are deteriorating or that price pressures are easing. The latter may require at least several more months of inflation data to become apparent. (Jin Shi)