Inflation Data May Influence Federal Reserve's Decision on Interest Rate Cut

According to BlockBeats, Wall Street Journal reporter Nick Timiraos, often referred to as the 'mouthpiece of the Federal Reserve', stated on April 10th that the risk of an overreaction to March's overheated inflation data could be greater due to the Federal Reserve officials' insufficient response to the inflation data of January and February. The Federal Reserve is trying to avoid making policy decisions based on one or two data points. However, the resilience of economic activity so far this year implies that the reason for a mid-year interest rate cut depends on whether inflation has recovered from its steady decline since the second half of last year. If inflation is moderate in March and April, the Federal Reserve may cut interest rates in June. However, if inflation falters again in March, it could disrupt the plan for a June rate cut, and the first rate cut could be postponed until the Federal Reserve's July meeting, or even later.