US Core CPI Eases: What Comes Next for the Fed?

The video discusses the current state of the economy, highlighting steady growth at over 2%, stable unemployment, and gradually decreasing inflation. It explains that interest rates are not expected to return to 0% but will remain in low single digits, around 2-3.5%. The Federal Reserve anticipates inflation to stabilize at 2.5% by year-end. Additionally, the labor market has stabilized, which was a key reason for previous rate cuts, and no further cuts are expected.

What has stabilized according to the text, and why was this significant?

What reasons are given for not expecting further cuts in the economy?