Bank of America warns that the Federal Reserve has insufficient reasons to cut interest rates in September, as inflation remains above target

ChainCatcher news, according to Jinshi reports, U.S. Bank pointed out in its latest research report that the Federal Reserve should restrain from the impulse to cut interest rates at the September policy meeting, as recent economic data does not support an early start to the easing cycle. The bank emphasized that decision-makers supporting rate cuts underestimate the impact of labor supply shocks and the persistence of inflation, with the current inflation rate still above the Federal Reserve's 2% target level. The report warns that the latest tariff increases may have a more severe and lasting impact on prices.