Fitch Ratings: The Federal Reserve is definitely pleased with the June CPI data, but it needs more
Fitch Ratings' US economic research director Olu Sonola said in an email that a lower-than-expected CPI in June would be good news for the Federal Reserve policymakers, but before they are ready to cut interest rates, it is more like a necessary message. Data shows that consumer prices fell by 0.1% month-on-month in June, the first decline since the pandemic began. "This report firmly stands on the edge of the inflation path. It is another comprehensive good report that will receive full support from the Federal Reserve." "The Fed is close to gaining sufficient confidence to start cutting interest rates, but it may want to see similar signs in August and September before pulling the trigger on the first rate cut," Sonola said
Jin10 Data, July 11th news: Olu Sonola, director of US economic research at Fitch Ratings, stated in an email that the lower-than-expected CPI in June would be good news for policymakers at the Federal Reserve, but before they are ready to cut interest rates, it is more like a necessary message. Data shows that consumer prices fell by 0.1% month-on-month in June, the first decline since the epidemic. "This report firmly stands on the edge of the inflation path. It is another comprehensive good report that will receive full support from the Federal Reserve." "The Fed is close to gaining enough confidence to start cutting interest rates, but it may want to see similar signs in August and September before pulling the trigger on the first rate cut," Sonola said