Inflation is slowing, but the Fed now faces a tough choice on when to cut rates
![Inflation is slowing, but the Fed now faces a tough choice on when to cut rates](https://media-cldnry.s-nbcnews.com/image/upload/t_fit_1500w/rockcms/2024-07/240710-supermarket-california-mn-1430-adcd75.jpg)
Amid signs of a weakening labor market, the Federal Reserve now finds itself in a bind: If it cuts interest rates too soon, it could risk reigniting the price increases that have bedeviled the post-pandemic economy.