Lates News

Tiffany Wilding, economist at Pacific Investment Management Company, stated that the inflation report is "quite encouraging on the surface" with two main positive developments. Firstly, the continuous rise in housing prices since the outbreak of the pandemic is actually slowing down. Secondly, the impact of tariffs is gradually disappearing. With this trend fading, the Federal Reserve should be more willing to cut interest rates, and we believe that it is reasonable to cut rates twice more this year.