Deep Tide TechFlow News, July 15, according to Jinshi Data reports, "Federal Reserve spokesperson" Nick Timiraos wrote: "The inflation data for June may cause Federal Reserve officials to remain cautious. Those policymakers who predicted that tariffs would lead to more significant price pressures later this year may have little reason to change this view after seeing the June data—especially if retailers delay price adjustments as much as possible. The June data will only make the upcoming July and August data even more important. Similarly, those policymakers who believe that tariffs will not cause significant inflation (because businesses lack the pricing power to support rising inflation) also have little reason to change their views after seeing Tuesday's report." In recent weeks, Federal Reserve Chairman Powell stated that the threshold for interest rate cuts may be slightly lower compared to the spring. This shift reflects an assessment: inflation risks may take longer to manifest, and thus their impact may be relatively weaker. If the Federal Reserve maintains the expectation that "inflation will not accelerate too sharply," then based on conditions like a softening labor market or improving inflation data, Powell may open the door to interest rate cuts as early as September.