Fed Officials Cautious Despite Positive Inflation Data

Recent reports show slower inflation and stable retail sales, but policymakers remain hesitant to signal rate cuts.

April's Consumer Price Index rose less than expected, boosting market optimism for rate cuts.
Retail sales remained flat, indicating potential consumer pullback.
Fed's John Williams emphasized the need for sustained progress towards the 2% inflation target before considering rate cuts.
Other officials, including Richmond Fed's Thomas Barkin, noted continued price increase plans in the service sector.
Analysts remain divided on the likelihood of rate cuts before the September meeting.