TechFlow news, on February 12, according to Jinshi Data, Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said that if inflation persists for another one or two months, the Fed may not cut interest rates again this year.
Cardillo said today's data confirms that inflation remains an issue, clearly supporting the Fed's cautious stance on rate cuts. The prospect of tariffs has also intensified concerns about inflation. Precious metals are under pressure due to a stronger dollar and rising yields, while stock markets are largely declining. If this situation continues for another month or two, it could mean the Fed might keep interest rates unchanged for the remainder of the year. Powell has made it clear they will stick to their dual mandate, and they won't be bullied by any politician. Trump can't do anything about it—will he pressure the Fed? Yes. But will the Fed give in? No.
