The U.S. Federal Reserve (the Fed, like a bank for banks) is trying to control prices (inflation) and keep the economy growing. New information shows it's getting tricky! Prices are still a little high, and people are spending less money.
- Inflation is still above the Fed's 2% goal.
- People are buying fewer things, which means the economy might slow down.
- The Fed might lower interest rates (like making loans cheaper) to help the economy, but that could also make prices go up even more.
| Inflation (PCE) | January |
|---|---|
| Overall | 2.5% |
| Without food & energy | 2.6% |
