by Courtenay Brown
Axios
The Fed looks on track to cut interest rates again when its leaders meet in two weeks. But after that, it’s anybody’s guess how much easing will come in 2025 given the latest inflation trends.
Why it matters: Inflation progress has nearly halted as other uncertainties about the economy, including the possible effects of the next administration’s policies, pile up.
– Fed officials are sounding more nervous about renewed inflationary pressures than a labor market cooldown, in contrast to three months ago when they first cut interest rates.
What they’re saying: In a speech Monday, Fed governor Christopher Waller delivered the vivid monetary policy metaphor of the month, comparing the more than two-year battle against inflation to the tiring sparring in a mixed martial arts cage.