BMO: It's hard to imagine CPI report prompting Fed to cut rates before September

Odaily Planet Daily News: Ian Lyngen, head of U.S. interest rate strategy at Bank of Montreal Capital Markets, said that given the current tariff environment, it is hard to imagine that this CPI report will prompt the Fed to cut interest rates before September. The lackluster performance of U.S. Treasuries after the report may also illustrate this point. Under normal circumstances, people might think that this report will start a discussion about the Fed's interest rate cut. Unfortunately, the new round of tariffs to be implemented on August 1 will keep the Fed in the status quo for the time being. Next, there will be multiple speeches by Fed officials today, and investors will pay close attention to whether there are any recent policy hints - even if such guidance is unlikely at present. (Jinshi)