This week on Fed Watch, ITR Economist and Speaker Lauren Saidel-Baker breaks down the latest CPI and PPI reports and explains why cooler inflation headlines do not necessarily mean interest rate cuts are back on the table. Learn why falling energy prices are distorting the data, what businesses should actually be watching, and how inflation is affecting consumers differently across the economy.

If you're trying to make pricing, budgeting, or investment decisions, looking only at the headline numbers could lead you in the wrong direction. Lauren explains what matters most and what to watch next as the Fed weighs its next move.

Will one month of encouraging inflation data change the Fed's outlook, or is the bigger picture telling a different story?