The Federal Reserve's megaphone: CPI is easing, but the Federal Reserve is cautious in cutting interest rates

On June 13, Nick Timiraos, "the mouthpiece of the Federal Reserve", wrote in the latest article that although the US CPI report on Wednesday showed that inflation has improved, the Federal Reserve still expects to cut interest rates only once this year, indicating that most officials are not in a hurry to cut interest rates. Laurence Meyer, a former Fed official, said: "The CPI data is good, and I think the Fed may cut interest rates in September. Because before the mid-September meeting, they will have three monthly economic reports." Some analysts said that the Fed's forecast tonight looked outdated considering the moderate CPI, but it may also reflect its reluctance to change its forecast based on a single data. In recent months, Fed officials have also been puzzled: why did their interest rate stance not further slow economic growth? Powell tried to explain the mystery, noting that last year's surge in immigration and labor force participation boosted demand, enabling the economy to provide more goods and services.