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The Fed has the proof it wants that inflation is slowing, but the next move is still up in the air

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The Fed has the proof it wants that inflation is slowing, but the next move is still up in the air

US Federal Reserve Chair Jerome Powell arrives to testify before the Senate Banking, Housing, and Urban Affairs Hearings to examine the Semiannual Monetary Policy Report to Congress at Capitol Hill in Washington, DC, on July 9, 2024.

Chris Kleponis | AFP | Getty Images

Federal Reserve officials head into their policy meeting Tuesday closer to their goal of low inflation, but how much they will ease back on interest rates remains an open…

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