PIMCO: The inflation report supports the Fed's two rate cuts this year

According to Jinshi reports, Pacific Investment Management Company economist Tiffany Wilding stated that the inflation report "looks quite encouraging on the surface," with two main positive developments. First, housing prices, which have been rising since the outbreak of the pandemic, are now indeed slowing down. Second, the impacts related to tariffs are gradually fading. As this trend dissipates, the Federal Reserve should be more willing to cut interest rates, and Wilding believes that it is reasonable to expect two more rate cuts this year.