Expert Predicts Potential Rate Cut Amid Easing Inflation Concerns

Sparta Capital Securities' Chief Market Economist, Peter Cardillo, expressed optimism about recent inflation data. According to Jin10, Cardillo noted that while the inflation rate remains above the Federal Reserve's 2% target, it is not accelerating, suggesting a potential easing of tariff-induced inflationary pressures. He anticipates a possible interest rate cut around June, contingent on labor market conditions. Cardillo believes that if inflation continues to trend positively, a rate cut could occur once the new Federal Reserve Chair assumes office.