Golden Finance reported that analyst Yohay Elam said that inflation is declining, but the recent pace has made many people uneasy, with data showing that core CPI is still above 3%. There's a good reason why prices continue to rise at an accelerated pace: a strong economy and a resilient job market. While current data justifies the Fed's third consecutive rate cut, officials are likely to signal that the pace of lower borrowing costs will slow next year. Key to the market's initial reaction was the Fed's summary of economic forecasts, known as the dot plot, which is key to Fed officials' forecasts for inflation, unemployment, economic growth and interest rates. This is where the hawks might show their claws. Investors are worried that the Fed will signal only two interest rate cuts in 2025. Fed Chairman Jerome Powell's press conference may prove otherwise. He could ease concerns and leave the door open to further rate cuts. All in all, the Fed's last interest rate decision in 2024 is a complex and highly volatile event.