Renowned financial journalist Nick Timiraos reports that the latest release of August’s inflation data shows that while economic conditions have provided grounds for the Federal Reserve to gradually lower interest rates, it is expected that the upcoming meeting will not see a rate cut as significant as the market’s widespread anticipation of a 50 basis point cut. This expectation mainly stems from housing inflation figures being relatively robust, leading to core price increases slightly higher than anticipated. This situation may prompt policymakers to be more cautious when considering the magnitude of the rate cut. However, some officials remain open to the possibility of larger-scale cuts. It's worth noting that although relief from inflationary pressures has offered a respite for households facing economic challenges, there have been signs of cooling in the labor market. Recent data indicates a slowdown in hiring activities and wage growth, with the average time for unemployed individuals to find work lengthening, reflecting increased uncertainty in the job market and making finding employment increasingly difficult.