According to data from Jinshi, Anthony Willis, a senior economist at Columbia Threadneedle Investments, pointed out that the inflation level in the United States is still above the Federal Reserve's target of 2%, and short-term risks tend to be upward.
He stated that the Federal Reserve will maintain a wait-and-see attitude during the release of the CPI data in July and August, until the meeting on September 17. By then, the Federal Reserve should be able to assess the impact of tariffs on inflation more clearly.
Willis believes that inflation may rise to 3%, but the Federal Reserve may cut interest rates later this year to achieve its dual mandate.
