Fidelity International: Fed may not cut rates this year
Salman Ahmed, Global Head of Macro and Strategic Asset Allocation at Fidelity International, emphasized his basic prediction of no rate cuts this year. The analyst said, "If inflation continues to make progress over the summer, or if the labor market starts to show some signs of stress, we do think the likelihood of a rate cut this year is rising." "That said, the U.S. economy remains resilient, and today's release of inflation data, which was impacted by the auto insurance and airfare subcomponents, means that the bar for initiating a rate cut remains high."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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The core highlights of the import data are focused on the technology sector, confirming China's continued investment in critical technological fields. As tensions in the Middle East persist, crude oil imports have also rebounded, and the overseas sales of domestic refined oil products such as gasoline and diesel have increased significantly compared to July.
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