Institution: Short term risk of US CPI data still on the rise

Odaily Planet Daily News: Anthony Willis, a senior economist at Columbia Threadneedle Investments, pointed out that although the inflation situation in the United States is relatively mild, the current level is still significantly higher than the Fed's 2% target, and short-term risks still tend to rise. He said, 'The current data will keep the Federal Reserve in a' wait-and-see 'attitude during the release of CPI data in July and August, until the next interest rate meeting on September 17th.'. ”By then, the Federal Reserve should be able to assess the transmission effect of tariffs on inflation more clearly and obtain more supporting data on labor market weakness. Willis believes that inflation is likely to move towards 3%, but given its dual mission, the Federal Reserve may still consider it necessary to cut interest rates later this year. (Golden Ten)