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

Odaily News: Michael Metcalfe, Head of Macro Strategy at State Street, commented on the US CPI data, pointing out that for interest rate markets and the stock market, the key takeaway 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)