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

Nick Timiraos, a well-known journalist for the Wall Street Journal and a spokesperson for the Federal Reserve, has written a new article stating that consumer prices in October rebounded slightly after reaching the slowest growth rate in three and a half years last month, indicating that inflation continues to decline on an uneven and bumpy road. 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 recruitment, the strengthening of inflation may spark a larger debate among officials at their next meeting - whether to slow down the pace of interest rate cuts at the beginning of next year.