The Globe and Mail reports in its Thursday, Nov. 14, edition that some Federal Reserve policy-makers are refocusing on inflation risks after concerns about a cooling labour market earlier this year. A Reuters dispatch to The Globe reports that government data showed consumer prices rose 2.6 per cent over the past year, above the Fed's 2-per-cent target but meeting economists' expectations. Traders are betting that the Fed's Federal Open Market Committee will cut interest rates again at its Dec. 17-18 meeting after a recent quarter-point reduction. It is uncertain if Fed chairman Jerome Powell will endorse market views during his economic outlook update to business leaders in Dallas on Thursday, following Donald Trump's election win. Mr. Powell indicated that the president-elect's promises of tax cuts and higher tariffs will not affect U.S. monetary policy in the near term. Fed policy-makers on Wednesday held open the door to a go-slower approach, in the face of data showing the labour market remains healthy, even as price pressures remain. St. Louis Fed president Alberto Musalem says, "Based on current information, I expect inflation to converge toward 2 per cent over the medium term."