Foreign media: The Federal Reserve statement may remove the wording "high" inflation
According to Reuters analysis, the Federal Reserve's policy meeting next week may remove the wording of "high" inflation. If this is the case, it will be the strongest signal to date that the Fed plans to cut interest rates as early as September and start its easing cycle. Adjusting the description of inflation from "high" to more moderate wording may also lead the Fed to modify another key sentence in its current policy statement: the Fed will not cut interest rates until officials are "more confident in the inflation rate moving towards 2%". FOMC voter Bostic indirectly hinted at the end of June that if the inflation rate falls to 2.5% or below, it could be considered as an indicator for adjusting the inflation description. Many economists believe that the June PCE data released on July 26 will fall to or below this threshold
July 22nd, Jinshi Data News: According to Reuters analysis, the Federal Reserve's policy meeting next week may remove the wording of "high inflation". If this is true, it will be the strongest signal to date that the Fed plans to cut interest rates as early as September and start its easing cycle. Adjusting the description of inflation from "high" to more moderate wording may also lead the Fed to modify another key sentence in its current policy statement: the Fed will not cut interest rates until officials are "more confident in the inflation rate moving steadily towards 2%". FOMC voter Bostic indirectly hinted at the end of June that if the inflation rate falls to 2.5% or below, it could be considered as a benchmark for adjusting the inflation description. Many economists believe that the June PCE data released on July 26th will fall to or below this threshold