Fed Whisperer Nick Timiraos noted that the persistent rise in housing inflation has led to core inflation exceeding forecasted ranges. This situation significantly reduces the likelihood of the Fed cutting rates by 50 basis points at its upcoming meeting next week. Despite previous official statements indicating that a 25 basis point cut was under consideration, the latest Consumer Price Index (CPI) data did not fundamentally affect this decision. However, some Fed officials remain open-minded and have not entirely ruled out adopting a more aggressive rate-cutting strategy than the conventional 25 basis point cut.