Inflation should continue falling in 2025 and allow the U.S. Federal Reserve to further reduce interest rates, though at an uncertain pace, Federal Reserve Governor Christopher Waller said on Wednesday.

Federal Reserve Governor Christopher Waller said he believes inflation will continue to cool toward the central bank’s 2% target, prompting his support for additional interest-rate cuts this year.

U.S. stocks ended little changed on Wednesday in a session they struggled for a clear direction, as investors digested the impact of two conflicting sets of jobs data and a report that said President-elect Donald Trump was mulling a national economic emergency declaration on inflation.

The S&P 500 and the Dow Jones Industrial Average were down Wednesday morning while the Nasdaq composite was slightly up.

Wall Street pointed modestly lower Wednesday as markets remain anxious about lingering inflation and the potential for fewer interest rate cuts by the Federal Reserve. Futures for the S&P 500 and the Dow Jones Industrial Average were both down about 0.