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Montreal Bank: Difficult to Imagine CPI Report Will Prompt Fed to Cut Rates Before September
Summary: Contrary to speculation, Ian Lyngen, head of US rate strategy at Montreal Bank's capital markets division, stated that given the current tariff environment, it is difficult to imagine that this CPI report will prompt the Fed to cut rates before September. Following the report's release, US Treasury yields remained flat, which may also indicate this. ...
Contrary to speculation, Ian Lyngen, head of US rate strategy at Montreal Bank's capital markets division, stated that given the current tariff environment, it is difficult to imagine that this CPI report will prompt the Fed to cut rates before September. Following the report's release, US Treasury yields remained flat, which may also indicate this. Normally, one might expect this report to kickstart discussions about a Fed rate cut. Unfortunately, the new round of tariffs set to take effect on August 1 will likely keep the Fed on hold for now. Today, several Fed officials will be speaking, and investors will closely watch for any hints of recent policy changes - even though the likelihood of such guidance at this time is slim.
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Link: Montreal Bank: Difficult to Imagine CPI Report Will Prompt Fed to Cut Rates Before September [Copy]
