State Street: Continued disinflationary trend will pave the way for a Fed rate cut later this year

Michael Metcalfe, head of macro strategy at State Street, commented on the US CPI data, noting that the important conclusion for the interest rate market and the stock market is that the disinflationary trend continues. This further confirms the view that we have passed the peak of inflation concerns. It paints a picture of a continued improvement in the inflation outlook, paving the way for interest rate cuts later this year. (Jinshi)