A string of up-and-down inflation readings in the second half of 2024 have Federal Reserve officials feeling less confident about the path of price growth in the coming months. And there is growing support for a pause in interest-rate cuts in the not-too-distant future.

For many investors, Friday's jobs report confirmed expectations that the Federal Reserve is on track to cut interest rates

St. Louis Federal Reserve President Alberto Musalem said on Wednesday he expects the U.S. central bank will be able to continue to cut interest rates but warned the pace of future actions has grown less clear.

Federal Reserve Bank of St. Louis President Alberto Musalem said it may be time for policymakers to slow the pace of interest-rate cuts amid higher than desired inflation and declining concerns over the labor market.

Consumer inflation accelerated in October 2024. However, the odds of a Federal Reserve interest rate cut on December 18 are still high.

Federal Reserve Governor Michelle Bowman says she prefers to lower interest rates cautiously. She speaks during a moderated conversation at the Missouri Bankers Association Executive Management Conference.

Federal Reserve Governor Michelle Bowman said on Friday that inflation risks to the economy remain real and labor market data hard to interpret, and that augurs caution with further decisions on central bank rate cuts.

Federal Reserve Governor Michelle Bowman reiterated that she prefers to lower interest rates cautiously, emphasizing underlying inflation remains “uncomfortably” above the central bank’s 2% goal.

Federal Reserve officials Michelle Bowman and Beth Hammack expressed concerns over inflation and said there is a need to exercise caution with lowering rates in the coming times. Fed Governor Michelle Bowman reportedly said that she continues to see greater risks to the price stability side of the central bank’s mandate,