Institutional Analysis: U.S. inflation data showing improvement but not giving the green light for the Fed to cut interest rates

GoldenOctober2024
TRUMP-5.61%

On March 13, Jinshi data, BMI Chief Economist Cedric Chehab said that the latest U.S. inflation data looks somewhat improved, but the signal for the Fed to cut interest rates has not been sounded, unless the U.S. economy rises. He pointed out that a large part of the slowdown in inflation is due to the recent decline in commodity prices. The huge tariffs imposed by the Trump administration on commodities may soon cause prices to pump, which means that commodities will once again exacerbate inflation, making it difficult to predict inflation in the near term. It is also difficult for the Fed to provide appropriate guidance.

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