Odaily Planet Daily News Salman Ahmed, global head of macro and strategic asset allocation at Fidelity International, emphasized his basic forecast of no rate cuts this year. The analyst said: "If inflation continues to make progress in the summer, or the labor market begins to show some signs of pressure, we do think the probability of a rate cut this year is rising. Nevertheless, the US economy remains resilient, and the inflation data released today is affected by the sub-items of auto insurance and air tickets, which means that the threshold for initiating a rate cut remains high." (Financial World)