Federal Reserve officials are signaling they are in no rush to move on interest rates, even as new inflation data points to a slower pace of price growth. The central bank is still waiting for enough evidence that inflation is cooling sustainably before changing policy.

Recent readings have strengthened expectations that the Fed could consider easing later this year, but officials continue to stress that any decision will depend on incoming economic data. That cautious stance reflects lingering concern that inflation could remain uneven or reaccelerate if policy shifts too quickly.

The Fed's approach keeps attention on the next round of jobs, consumer spending and price reports, which will shape whether policymakers judge the economy ready for lower borrowing costs. For now, officials appear focused on avoiding a premature move that could complicate the inflation fight.

Markets are likely to keep parsing every new data release for clues on timing, but the central bank's message remains consistent: no rate change is likely until the evidence is clear.