Economist: Fed may pause rate cuts next week

On October 31, Peter Cardillo, chief market economist at Spartan Capital Securities, said that hints that inflation could rise further were largely confirmed in today's data, and the tricky part here is the core PCE. this means that the Federal Reserve is likely to pause on rate cuts at its next meeting. It is more likely than ever that the Fed will pause in cutting rates. Consumption remains strong and we've seen that in other macro indicators. We're at a point where the economy is running pretty well, but inflation remains an issue and core PCE continues to be somewhat on the high side. That's a concern, and it means the Fed could pause on rate cuts next week.