CoinVoice has learned that, according to Jinshi, "Federal Reserve mouthpiece" Nick Timiraos stated that the December Consumer Price Index (CPI) is unlikely to change the Federal Reserve's current wait-and-see stance. Officials want to see more evidence before cutting interest rates, demonstrating that inflation is stabilizing and gradually declining. The Federal Reserve has cut the benchmark interest rate in three consecutive meetings, most recently in December, despite inflation having stopped decreasing last year. To resume rate cuts, officials may need to see new evidence of worsening labor market conditions or weakening price pressures.