Lates News

Peter Cardillo, Chief Market Economist at Sparta Capital Securities, stated that ultimately this is a decent number. This indicates that we are still short of the Fed's 2% target, but inflation has not accelerated, perhaps we are starting to see a glimmer of hope in the inflation impact brought about by tariffs. This impact still exists but is weakening. It is expected that a rate cut will occur around June, but this largely depends on the labor market. However, if inflation data continues to move in the right direction like this, I believe that once the new Fed chair takes office, we may see a rate cut.