, Columnist
Slower for Longer — Inflation Has Stopped Falling
The stall gives the Fed little reason to start early rate cuts, even though the market still expects them.
The last part takes the longest.
Photographer: Marcutti/iStockphoto/Getty Images
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America is disinflating, but it’s doing so disappointingly slowly. Thursday’s update from the Bureau of Labor Statistics showed that both the headline and core measures of the consumer price index had shown less disinflation than hoped.