Analyst: The premise for the Fed to cut interest rates in September is that the subsequent report will not be too bad

Odaily Planet Daily News Chris Zaccarelli, chief investment officer of Northern Lights Asset Management, said that traders have been paying close attention to the consumer price index report released today, and the Federal Reserve may be more concerned - the internal debate on whether to cut interest rates immediately continues. Fortunately, this morning's report was basically in line with expectations, and the core (excluding food and energy) data showed that inflation was under control (for example, the monthly increase was lower than expected, and the annual increase was consistent with the consensus expectation of 2.9%). If inflation does remain under control, then the Fed can start to cut interest rates - possibly as early as September; but if subsequent reports show a different trend, the Fed will have to maintain the current policy for longer. (Jinshi)