State Street: Sustained Disinflation Trend Will Pave the Way for Fed Rate Cuts Later This Year

Odaily According to Michael Metcalfe, Head of Macro Strategy at State Street, commenting on the US CPI data, the key takeaway for interest rate markets and the stock market is that the disinflation trend continues. This further supports the view that we have passed the peak of inflation concerns. This paints a picture of continuously improving inflation prospects, which will pave the way for interest rate cuts later this year. (Jin10)