Odaily Planet Daily News Analyst Enda Curran said that in the context of the debate over the Fed's interest rate cuts, it is more or less impossible to cut interest rates in July, so the question is how today's CPI data will push expectations for a rate cut in September. A set of hot data will certainly tend to support a rate cut, but at the same time, overall lower data will also make people believe that the anti-inflation process has returned to the right track. (IG)
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Odaily Planet Daily News Analyst Enda Curran said that in the context of the debate over the Fed's interest rate cuts, it is more or less impossible to cut interest rates in July, so the question is how today's CPI data will push expectations for a rate cut in September. A set of hot data will certainly tend to support a rate cut, but at the same time, overall lower data will also make people believe that the anti-inflation process has returned to the right track. (IG)