PIMCO: Inflation report supports two Fed rate cuts this year

According to ChainCatcher, citing Jinshi, Tiffany Wilding, an economist at Pacific Investment Management Company (PIMCO), stated that the inflation report "appears quite encouraging on the surface," with two main positive developments. First, housing prices, which have been rising steadily since the outbreak of the pandemic, are indeed slowing down. Second, the impact of tariffs is gradually fading. As this trend subsides, the Federal Reserve should be more willing to cut interest rates, and Wilding believes that two more rate cuts this year are reasonable.