"Federal Reserve's Caution: Balancing Inflation and Interest Rates in Today's Economy"

Economists see a reduced 40% chance of a recession in the next year, down from a high of 65% in early 2023, as the economy remains strong with lower inflation and robust consumer spending. Rent prices are starting to rise after months of stability, but the increase is still lower than the overall inflation rate. The Federal Reserve is cautious about rate cuts, with investors predicting a 68% chance of a rate cut by June, as officials emphasize the need for more data to verify progress on inflation before making any moves.