CoinVoice has recently learned that according to Jin Ten's report, Bank of America pointed out in its latest research report that the Federal Reserve should restrain from the impulse to cut interest rates at the September policy meeting, as recent economic data does not support an early start to the easing cycle. The bank emphasized that policymakers supporting interest rate cuts have underestimated the impact of labor supply shocks and the stickiness of inflation, with the current inflation rate still above the Federal Reserve's target level of 2%. The report warns that the recent tariff increases may have a more severe and persistent impact on prices. [Original link]