Fed Policymakers Analyze Inflation Data for Rate Path

Fed policymakers are closely monitoring inflation data ahead of their upcoming policy-setting meeting to determine if interest rates are at an optimal level. Some policymakers express confidence in the current policy's ability to control inflation, while others remain skeptical and are closely monitoring the data. The Fed's Beige Book and regional data indicate varying levels of pricing power and economic conditions. Economists expect the October personal consumption expenditures price index to show a 3% rise from a year earlier.