PIMCO Economist Sees Encouraging Inflation Trends

According to ChainCatcher, PIMCO economist Tiffany Wilding has described the recent inflation report as "quite encouraging" due to two positive developments. Firstly, housing prices, which have been rising since the pandemic began, are now showing signs of slowing down. Secondly, the impact of tariffs is gradually diminishing. As these trends continue, the Federal Reserve is likely to be more inclined to lower interest rates, with Wilding suggesting that two more rate cuts this year would be reasonable.