The latest Consumer Price Index report showed inflation cooling to just 3% in June.
But there could be other types of economic pain ahead, with the jobs market slowing and some forecasters warning of a recession.
But there could be other types of economic pain ahead.
There are also other factors totally out of the Fed's control that could cause economic pain.
In other words, while it's a welcome relief that inflation is falling, the US economy is nowhere near out of the woods just yet.
Persons:
– who've
Organizations:
Federal Reserve, Service, Fed, Philadelphia Fed
Locations:
Wall, Silicon, Russia, OPEC