Wells Fargo economists anticipate that the Federal Reserve will maintain its current interest rates until June, following stronger-than-expected payroll figures in January and a decrease in unemployment to 4.3%. According to NS3.AI, inflation data indicates a cooling trend, with the core Consumer Price Index (CPI) slowing to 2.5%, marking the lowest level in nearly five years. This development reduces the likelihood of imminent rate cuts. The combination of steady job growth and moderating inflation suggests that the Federal Reserve will continue to monitor economic data closely, making future rate adjustments contingent upon further economic developments.
