Deep Tide TechFlow News, January 13 — According to Jin10 Data, "Federal Reserve mouthpiece" Nick Timiraos: The December Consumer Price Index (CPI) is unlikely to change the Federal Reserve's current wait-and-see stance, as officials are probably looking for more evidence before cutting interest rates, to confirm that inflation is stabilizing and gradually declining. The Federal Reserve has cut the benchmark interest rate three consecutive times in the past, most recently in December, despite inflation having stopped decreasing last year. Officials lowered rates due to concerns about a potential larger-than-expected slowdown in the labor market. To resume rate cuts, Federal Reserve officials may need to see new evidence indicating that labor market conditions are worsening or that price pressures are easing. The latter may require at least a few more months of inflation data to become apparent.