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Inflation is nearly back to 2%. So why isn’t the Federal Reserve ready to cut rates?

Posted on AllSides February 8th, 2024
From The Left
AP Photo / Richard Drew, File

From Wall Street traders to car dealers to home buyers, Americans are eager for the Federal Reserve to start cutting interest rates and lightening the heavy burden on borrowers.

The Fed is widely expected to do so this year — probably several times. Inflation, as measured by its preferred gauge, rose in the second half of 2023 at an annual rate of about 2% — the Fed’s target level. Yet this week, several central bank officials underscored that they weren’t ready to pull the trigger just yet.

Why, with inflation...

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https://apnews.com/article/inflation-prices-interest-rates-cuts-federal-reserve-ec7773de4159f7e0f071f4e126b50158

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