Key Takeaways With a Federal Reserve meeting coming up later this month, officials are preparing for a debate over whether to cut their influential interest rates for a third time in a row.Federal Reserve Gov.

The US appears on track to hit its long-term target of two percent inflation despite a recent uptick, two Federal Reserve officials said Monday, with one indicating support for another rate cut this month.

With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves

A top official at the US Federal Reserve on Monday said he is leaning towards cutting interest rates when the Fed meets this month, but he is keeping his options open due to recent trends in inflation.