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Inflation Softens, but Fed Rate Cuts Seen on Hold | Morningstar

morningstar.com·Feb 13, 2026

Inflation eased more than expected in January 2026, driven by declines in durable goods and energy prices, leading economists to anticipate that the Federal Reserve will maintain steady interest rates in the near term. Despite some positive trends, caution remains as inflation is still above desired levels, and the impacts of tariffs on goods prices are being closely monitored.

The key insight for you as an investor is that the Federal Reserve is expected to hold interest rates steady due to easing inflation and strong jobs data, with no rate cuts likely until later in 2026. This stable rate environment suggests a period of relative predictability for fixed-income investments and could influence your asset allocation strategy, especially in balancing interest-sensitive securities like bonds within your portfolio.

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