Pimco: US inflation rate falls, March rate cut may be premature

According to a report by Jin10, Pimco economist and managing director Tiffany Wilding stated that the inflation rate in the United States has significantly declined from its peak in 2022, especially considering the PCE indicator. However, it may still be too early for the Federal Reserve to start cutting interest rates in March. Non-market prices have driven relatively positive news for personal consumption expenditures, while CPI remains on an upward trend, making the prospect of an interest rate cut in March still challenging. This, combined with unexpectedly strong economic performance and a historical tendency of central banks to delay rate cuts, suggests that although there is still a possibility of a rate cut in March, "waiting a bit longer may be more practical."