Inflation is cooling... but the federal reserve may not be in a rush to cut interest rates in upcoming months. Here's what Federal Chairman Powell said regarding the issue in Dallas:

Economists expect the Fed to announce another quarter-point rate cut in December, after a quarter-point reduction last week and half-point cut in September.

Federal Reserve Chair Jerome Powell said Thursday that interest rates are still expected to decline further, but suggested they might not be that much lower over the next few months.