Economist: If inflation continues for another month or two, the Federal Reserve may not cut interest rates again this year

According to Golden Finance, Peter Cardillo, Chief Market Economist at Sparta Capital Securities in New York, said that if inflation continues for another month or two, the Federal Reserve may not cut interest rates again this year. Peter said that today's data confirms that inflation remains a problem, clearly supporting the Federal Reserve's cautious stance on interest rate cuts. The prospect of tariffs has also intensified people's concerns about inflation. Due to the strengthening of the US dollar and rising yields, precious metals are facing pressure, while the stock market is generally declining. If this situation continues for another month or two, it could mean that the Federal Reserve may keep interest rates unchanged for the rest of this year. Powell made it clear that they will uphold their dual mission and will not be bullied by any politicians. Trump is powerless, will he put pressure on the Federal Reserve? meeting. But will the Federal Reserve make concessions? can't. (Golden Ten)