Will September CPI be above or below 3%?

This year, there has been much debate over how fast the Federal Reserve should cut interest rates to stabilize the jobs market, given inflation has been trending higher. So far, Fed Chairman Jerome Powell has taken a mostly wait-and-see approach to interest rates, only reducing them by a quarter percent once, in September. Most expect a second cut when the Fed meets again on Oct. 29, but what happens after that is a bit murkier. If more cuts are to follow, it will depend on how two important, often compe ...