Bank of New York Mellon: The urgency for further tightening by the Federal Reserve has diminished

BlockBeats News, on July 6, a senior macro strategist at Bank of New York Mellon, Jeff, pointed out that weaker US labor data and improved inflation data have reduced the urgency for the Federal Reserve to tighten further. However, this does not resolve whether the slowdown in growth is within a controllable range, or whether policy expectations have already been excessively adjusted.

He stated: "The global narrative is becoming less unified." In the United States, the issue lies in whether the Federal Reserve can remain patient without the risk of inflation resurfacing; whereas in Europe, the focus of discussion is shifting from emergency inflation management to topics such as economic growth, fiscal credibility, and defense financing.