#FOMCWatch Data Points: The FOMC monitors labor market (unemployment, job vacancies), inflation (PCE preferred over CPI), and consumer spending. Recent data shows slowing GDP (1.7% projected for 2025) and 2.8% core inflation.

Next Steps: If inflation nears 2% or unemployment rises unexpectedly, rate cuts could come sooner (e.g., September 17–18 meeting with SEP). Persistent inflation may delay cuts.