wane

v. diminish; decline; ebb, subside, dwindle; approach the end (of life, a period, etc.)
waning
adj. diminishing (moon); declining; ebbing, subsiding, dwindling; approaching the end (of life, a period, etc.)

The Reserve has not lifted interest rates since last March. With the jobs market waning, some analysts are now suggesting that the next move could be down.

[ Cheap goods keep lid on interest rise ]