Golden Finance reported that Adrian Cooper, CEO and chief economist of Oxford Economics, said: Our expectation is that the Fed will start to cut interest rates in the second half of this year, perhaps in September. But this depends largely on the changes in potential inflation, especially relative to wage growth. The rapid rise in labor inflation expectations in the past few years has surprised the Federal Reserve and many central banks. This means that workers are not only seeking wage increases to make up for higher-than-expected inflation in the past, but also because they believe that inflation may remain high. They seek wage increases. I think the Fed wants to see decisive evidence that the process of slowing inflation will continue, not only overall inflation, but also core inflation will return to 2% before it is really ready to cut interest rates significantly.