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inflation dataCNBC
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82% Informative
A week 's worth of inflation data showed that price pressures have eased substantially since their meteoric rise in 2021-22 .
Fed officials head into their two-day policy meeting Tuesday closer to their goal of low inflation, but how much they will ease back on interest rates remains an open question.
One gauge of consumer prices showed 12-month inflation at its lowest since February 2021 .
Market pricing anticipates rates could come down by 1.25 percentage points by the end of 2024 .
The Fed would have plenty of room to do more later.
"The whole reason why they've been so cautious about cutting is because they're concerned that inflation is going to come back," Simons said.
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