How do high officials of the Federal Reserve view the significant cooling of inflation in the USA?

Two senior officials from the Federal Reserve spoke on Thursday, stating that inflation is making progress. The president of the St. Louis Reserve stated that the current policy interest rate is appropriate at this stage. The president of the San Francisco Reserve stated that given recent employment and inflation data, the Federal Reserve may need to make interest rate adjustments, but did not provide a specific schedule for rate cuts.

wallstreetcnJul 11 19:17 ET

"Xinmei Federal Reserve News Agency" evaluates CPI in June: Mild inflation opens the door for a rate cut in September.

According to Timiraos' article, after the release of CPI, investors have increased the possibility of rate cuts in September, November, and December this year. A major question at this month's Fed meeting is how much basis Fed officials have laid for a rate cut in September. This year's FOMC voter, President of the San Francisco Fed, Daly, expects that it may be reasonable to cut interest rates soon after the announcement of the CPI, but also said that more information needs to be collected.

wallstreetcnJul 11 19:13 ET

No longer a case of "The Boy Who Cried Wolf"? The New York Federal Reserve comments that this time, "Powell Pivot" will be more sustainable than at the end of last year.

Nowadays, the threshold for Fed rate cuts is lower than in previous months and the situation has changed. Powell believes that inflation is returning to normal and the labor market is clearly weakening, further weakness is unnecessary and unwanted.

wallstreetcnJul 10 22:08 ET

Yellen and Powell agree: the US labor market is weakening the push for inflation, and inflation pressures may continue to ease.

The current labor market is no longer the primary factor driving inflation in the US economy, as it was in the early stages of the pandemic recovery.

Zhitong FinanceJul 9 19:44 ET

From "to cut or not to cut interest rates" to "who will be elected", predicting this business has become popular!

From new movie reviews to key economic data, from Federal Reserve rate cuts to US elections... Predicting markets is quietly rising.

wallstreetcnJul 8 08:34 ET

The US Federal Reserve has been slow to cut interest rates, and the size of the US money market has surpassed 6.15 trillion US dollars, reaching a new high.

In the week ending on the 2nd, there was a inflow of approximately $51.2 billion into the US fund market, the largest inflow in three months. Some analysts pointed out that as long as the Federal Reserve continues to hold steady, funds will continue to flow into currency funds.

wallstreetcnJul 4 08:23 ET