Montreal Bank: It's hard to imagine that this CPI report will prompt the Federal Reserve to cut interest rates before September

星球日报
星球日报|Jul 15, 2025 12:58
Odaily Planet Daily News: Ian Lyngen, Head of US Interest Rate Strategy at Montreal Bank's Capital Markets Department, said that considering the current tariff environment, it is difficult to imagine that this CPI report will prompt the Federal Reserve to cut interest rates before September. After the report was released, the performance of US treasury bond bonds was flat, which may also explain this. Under normal circumstances, people may assume that this report will initiate discussions about the Federal Reserve's interest rate cuts. Unfortunately, the upcoming new round of tariffs on August 1st will temporarily maintain the status quo for the Federal Reserve. Next, there will be multiple speeches by Federal Reserve officials today, and investors will closely monitor whether there are any recent policy implications, even though the likelihood of such guidance appearing at present is low. (Golden Ten)
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