According to BlockBeats, former Federal Reserve Vice Chairman Richard Clarida warned that the battle against inflation is not over yet. Inflation data has been better than expected since January, but the effects of inventory forward movement and additional tariffs have not yet fully emerged.
Richard Clarida pointed out that the effective tariff rate faced by American consumers in June has reached 15.6%, the highest since 1937, which may cause inflation to climb to the 3% range in the short term. The Fed released its forecast at its March meeting this year, when the "Liberation Day" tariffs had not yet shocked the market. The real question is whether the Fed still expects to approve two rate cuts this year, or will it reduce it to only one rate cut.