According to PANews, Goldman Sachs' Global Co-Head of Fixed Income and Liquidity Solutions, Kay Haigh, commented on the recent consumer price index (CPI) data. Haigh noted that while the CPI indicates some early signs of tariff impacts, underlying inflation remains relatively moderate. However, he anticipates increased price pressures during the summer months, with the July and August CPI reports being critical hurdles to overcome.
Currently, the Federal Reserve is in a wait-and-see mode. Haigh suggested that if underlying inflation continues to be moderate, there remains a possibility for the Federal Reserve to resume its rate-cutting cycle in the fall.