Institutions: Fed rate cuts may depend on further slowdown in inflation in the second half of the year.

Seema Shah, chief global strategist at Principal Asset Management, stated that the current situation is insufficient for the Federal Reserve to justify a near-term rate cut. The continued strength of the labor market provides policymakers with a reason to maintain interest rates, and further slowing of inflation in the second half of the year, as the impact of tariffs fades, should reopen the door to further easing. (Jinshi)