Federal Reserve's Mouthpiece: Tonight's CPI is Crucial and of Great Importance to the Federal Reserve
ChainCatcher news, according to Jinshi reports, Nick Timiraos, a Wall Street Journal reporter known as the "Fed's mouthpiece," pointed out that not all monthly CPI inflation reports are equally important. In an economy facing price pressures, the impact of January's CPI data is greater. In recent years, price increases in the U.S. in January have been unusually strong, reflecting significant adjustments in prices at the beginning of the year.
Timiraos stated that the inflation report to be released this week may show whether the Federal Reserve's efforts to lower inflation have cleared a key hurdle. Timiraos emphasized that this data is of great significance to the Federal Reserve.
Alan Detmeister, who once headed the Federal Reserve's price and wage forecasting division, indicated that even if the first quarter inflation data does not hit the Federal Reserve hard again, rising tariffs may give Fed officials reason to slow down the pace of interest rate cuts. "This could make them more cautious about lowering rates."