Opinion: Inflation report gives the Fed reason to cut rates twice this year

Tiffany Wilding, an economist at Pacific Investment Management Company (PIMCO), said the inflation report was "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 now indeed slowing. Second, the tariff-related impact is gradually fading. As this trend recedes, the Federal Reserve should be more willing to cut interest rates, and we believe two more rate cuts this year are reasonable. (Jinshi)