Viewpoint: Inflation Report Gives Fed Reason to Cut Rates Twice This Year

Odaily News Pacific Investment Management Company economist Tiffany Wilding stated that the inflation report is "quite encouraging on the surface," with two main positive developments. First, housing prices, which have been rising continuously since the outbreak of the pandemic, are indeed now slowing down. Second, the impact related to tariffs is gradually fading. As this trend subsides, the Fed should be more willing to cut rates, and we believe it is reasonable to expect two more rate cuts this year. (Jin10)