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Bank of Montreal: Hard to Imagine CPI Report Prompting Fed to Cut Rates Before September

Bank of Montreal: Hard to Imagine CPI Report Prompting Fed to Cut Rates Before September

星球日报星球日报2025/07/15 13:04
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Odaily Planet Daily reported that Ian Lyngen, Head of US Rate Strategy at BMO Capital Markets, stated that given the current tariff environment, it is hard to imagine this CPI report prompting the Federal Reserve to cut rates before September. The muted reaction of US Treasuries following the report may also reflect this sentiment. Under normal circumstances, one might expect this report to spark 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. Later today, several Fed officials are scheduled to speak, and investors will be watching closely for any hints of near-term policy changes—even though such guidance is unlikely at this time. (Jin10)

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