The Fed is Set to Cut Rates in September, Tariffs Have Limited Impact on CPI
According to ChainCatcher, citing Jinshi News, Guy Lebas, Chief Fixed Income Strategist at Janney Montgomery Scott, stated that July’s CPI was largely in line with expectations, and tariffs have had a limited impact on consumer prices, which provides grounds for the Federal Reserve to consider a rate cut in September. Although there is still some time before the meeting, the current inflation data is not a cause for concern. Lebas noted that the effects of tariffs have not yet fully materialized, and future inflation may rise, or companies may be absorbing the impact of tariffs, thus preventing it from being passed on to consumer inflation.
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