Inflation is cooling, but not fast enough for the Fed: Policymakers now expect only one rate cut in 2024
- Written by Christopher Decker, Professor of Economics, University of Nebraska Omaha
U.S. Federal Reserve Chair Jerome Powell speaks to reporters on June 12, 2024.Brendan Smialowski/AFP/Getty ImagesIt was a double-whammy Wednesday for economic-data enthusiasts.
During the morning of June 12, 2024, the Bureau of Labor Statistics published its latest inflation figures. The news was relatively good, showing that inflation rose 3.3% in...

