Peter Cardillo: The Federal Reserve may not cut interest rates until the fourth quarter

According to Jinshi News, Peter Cardillo, chief market economist at Spartan Capital Securities, stated that the Federal Reserve is behaving very cautiously, and interest rate cuts may have to wait until the fourth quarter, depending on the trend of energy prices. If energy prices remain at current levels, it will mean a higher inflation rate, with economic growth potentially below 1%, while the inflation rate will also be higher, creating a stagflation situation.