Chicago Federal Reserve President Austan Goolsbee on Thursday reiterated his support for further interest rate cuts and his openness to doing them more slowly, remarks that underscore the U.S. central bank's debate that it's not about whether,

FILE PHOTO: Federal Reserve Bank of Boston President Susan Collins stands behind the Jackson Lake Lodge in Jackson Hole, where the Kansas City Fed holds its annual economic symposium, in Wyoming, U.S., August 24, 2023. REUTERS/Ann Saphir/File Photo

The Federal Reserve delivered its second interest rate cut in a row to boost the economy and prevent a rise in unemployment, but it may take a while for consumers to see its effects.

Navigating interest-rate changes can seem daunting, but these areas of the fixed-income market could perform better (or worse) than others.

October's Consumer Price Index (CPI), which measures changes in the cost of consumer goods and services, showed that annual inflation rose by 2.6%. That's not an alarmingly high rate of inflation. It's also only a modest uptick from September's CPI reading, which measured annual inflation at 2.4%.

Federal Reserve Governor Michelle Bowman said she wants to move cautiously on further interest-rate cuts because progress in reducing inflation has slowed.

Some policymakers want to ensure the labor market doesn’t cool more, suggesting additional rate cuts. Chicago Federal Reserve President Austan Goolsbee on Thursday reiterated his support for further interest rate cuts and his openness to doing them more slowly,

In September, its officials predicted that they would reduce their benchmark rate four times next year, on top of three rate cuts this year. Yet that outlook has swiftly changed. Several surprisingly strong economic reports,

Read here for an analysis of The Fed's aggressive easing cycle, potential impact on inflation and investment options like Treasury Inflation-Protected Securities.