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BMO: Its hard to imagine this CPI report prompting the Fed to cut rates before September
Odaily News Ian Lyngen, head of U.S. interest rate strategy at BMO Capital Markets, said it was hard to imagine that this CPI report would prompt the Fed to cut rates before September, given the current tariff environment. The lackluster performance of U.S. Treasuries after the report may also illustrate this point. Under normal circumstances, people might think that this report would open up discussions about the Fed cutting interest rates. Unfortunately, the new round of tariffs that will be implemented on August 1 will keep the Fed in the status quo for the time being. Next, there will be multiple speeches by Fed officials today, and investors will pay close attention to whether there are any near-term policy hints - even if such guidance is unlikely at present. (Jinshi)
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