Fed seen pausing after tame CPI data, but mission not over

Fed seen pausing after tame CPI data, but mission not over
(Image: Bloomberg)
Bloomberg
By Steve MatthewsFederal Reserve policymakers are increasingly likely to leave interest rates unchanged at their next meeting after fresh evidence of easing inflation, but they’ll be careful to strike a tone that their job isn’t done yet.A report Thursday showed the core consumer price index, which excludes often-volatile food and energy costs, rose 0.2% for a second month. That marked the smallest back-to-back gains in more than two years, adding to a steady wave of disinflation in recent months. The data “came in largel...

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