The latest Consumer Price Index (CPI) report from BlockBeats has thrown new challenges into the Federal Reserve’s interest rate decisions, according to Kevin Swift, a senior economist at ICIS Global Chemicals. Despite this complexity, Swift suggests that the Fed might consider a rate cut during its September meeting due to a softening job market in the U.S. 3.9% year-on-year wage growth has slowed, which could dampen real income growth and consumer spending. Additionally, initial jobless claims have surged to their highest level since October 2021, suggesting a potential increase in layoffs and a weakening labor market trend. Swift notes this situation will become clearer within the next week or two.