Analyst: The prerequisite for the Federal Reserve to cut interest rates in September is that subsequent reports are not too bad
Powered by ChatGPTNorthlight Capital Management CIO Chris Zaccarelli said that traders have been closely watching today's Consumer Price Index report, which the Federal Reserve may be more concerned about—the internal debate about whether to cut interest rates immediately is still ongoing. Fortunately, this morning's report was largely in line with expectations, and core (excluding food and energy) data showed that inflation is under control (for example, the monthly increase was lower than expected, and the annual increase was in line with the consensus expectation of 2.9%). If inflation does remain under control, the Fed can start cutting interest rates—possibly as early as September; but if subsequent reports present a different picture, the Fed will have to maintain its existing policies for longer. (Golden Ten) [Odaily Planet Daily News]