Overview

• Recent data indicate cooling inflation, but officials stress the need for more consistent progress toward the 2% target.
• Labor market remains strong but shows signs of gradual cooling, with the unemployment rate at 4%.
• Some Fed leaders advocate for a single rate cut by year's end, contingent on continued positive economic data.
• Concerns persist over potential international shocks and the resilience of supply chains.
• Fed officials emphasize data-dependent decision-making, avoiding premature policy shifts.