"The US Federal Reserve's Pause and Wage Growth: A Surprising Outlook for America's Economy"

US consumer prices in November showed a slight increase, as the Federal Reserve begins a two-day meeting expected to maintain interest rates. Chair Jerome Powell is likely to emphasize the need for a sustainable pullback in price growth before considering rate cuts. Despite this, the central bank appears to be achieving a soft landing for the US economy, with the unemployment rate stable and inflation gradually declining but still slightly above the Fed's target.