According to Jinshi, senior research strategist Michael Brown said that the reason to support the FOMC rate cut in September - which is still his basic assumption - is last week's personal consumption expenditure data, which was the most eye-catching event in the context of last week's dull economic data. He emphasized that "one swallow does not make a summer", so policymakers will seek further confirmation that this inflation retreat trend has taken root before pulling the trigger of the first 25 basis point rate cut.
