1045 ET - Inflation remains above the Fed's 2% target, but cooling price trends are so clear that the central bank should be fully focused on cushioning a weakening economy, Renaissance Macro's Neil Dutta writes. He notes that energy prices are falling, which he argues will bring down the cost of gasoline and help tame inflation expectations. He adds that there's more slack now in labor markets, and that inflation in rental housing is cooling too. "In short, inflation is not a concern," he concludes bluntly. "Policymakers ought to make clear that defending growth is the primary concern." (matt.grossman@wsj.com; @mattgrossman)

(END) Dow Jones Newswires

October 14, 2025 10:45 ET (14:45 GMT)

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