Opinion: Inflation report gives the Federal Reserve reason to cut interest rates twice this year Odaily Planet Daily News: Tiffany Wilding, an economist at Pacific Investment Management, said that the inflation report "looks quite encouraging on the surface" and has two main positive developments. Firstly, the housing prices that have been continuously rising since the outbreak of the epidemic are indeed slowing down now. Secondly, the impact of tariffs is gradually disappearing. As this trend subsides, the Federal Reserve should be more willing to cut interest rates, and we believe it is reasonable to cut rates twice more this year. (Golden Ten)