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Daiwa: The ongoing anti-inflation trend will pave the way for the Federal Reserve to cut interest rates later this year
GateNewsBot
Odaily Planet Daily reports that State Street Global Advisors’ Chief Macro Strategist Michael Metcalfe commented on U.S. CPI data, noting that an important conclusion for the interest rate market and stock market is that the anti-inflation trend is still ongoing. This further confirms the view that the peak of inflation concerns has been surpassed. It depicts a picture of continued improvement in inflation prospects, paving the way for rate cuts later this year. (Jin10)
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