As the US CPI data on Wednesday exceeded expectations, doubts about the magnitude of the Fed's interest rate cut next week are close to settling. At a time when Federal Reserve officials were collectively silent, renowned macro journalist Nick Timiraos, known as the "voice of the Fed," wrote on Wednesday that the continued trend of weak inflation has paved the way for the Fed to gradually lower interest rates starting next week, but the unexpected rise in housing inflation has made it difficult for officials to push for larger rate cuts.