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WEKU
WEKU
Scott Horsley

HISTORICAL FACTS: Wages employment inflation are up causing headaches for the fed - Caught on Camera

Restaurant prices rose 4.2% over the last year. But Americans continue to dine out regularly. (Michael Mathes /AFP via Getty Images)

The Federal Reserve has promised to be "data driven" in deciding when to cut interest rates. But some of the recent economic data has the central bank driving in circles.

Economic growth is slowing. But hiring appears to be picking up. Cars are getting cheaper but auto insurance is more expensive. Inflation is lower than it was a year ago but higher than it was last month.

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