WASHINGTON — With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves.

Federal Reserve Bank of Minneapolis President Neel Kashkari said he’ll be looking at incoming inflation data to determine whether another interest-rate cut is appropriate in December.

Officials voted unanimously to lower the federal funds rate to a range of 4.5% to 4.75%. The adjustment follows a larger, half-point cut in September.

The average level of trust in the Fed’s ability measured 3.2 on a scale of 1 to 7, with 7 representing the highest trust. The authors also found a political divide among respondents.

Jerome Powell stressed that the Fed’s current goal is to support a largely healthy economy and job market, rather than rescue a struggling economy or prevent a recession.

WASHINGTON — The Federal Reserve’s preferred inflation measure on Sept. 27 provided the latest sign that price pressures are easing, a trend that is expected to fuel more interest rate cuts.

The Federal Reserve on Sept. 18 cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates.

WASHINGTON — The post-pandemic spike in inflation eased last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates.

WASHINGTON — Federal Reserve Chair Jerome Powell signaled that interest rate cuts are coming in a much-anticipated speech Aug. 23 in Jackson Hole, Wyo.

U.S. job growth in 2024 through March was likely less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling behind on interest rate cuts.