Fed's Williams hints Fed is close to cutting rates, but not ready yet

Fed's Williams hinted that if recent inflation slows, there may be reason to cut interest rates in the coming months, but not at the Fed's meeting in two weeks. Williams also said that coupled with signs that U.S. labor market conditions are gradually cooling, the inflation data over the past three months "brings the Fed closer to the inflation trend we expect." These are all positive signs. I hope to see more data to gain further confidence that inflation is continuing to move toward our 2% target. His remarks suggest that the Fed may consider cutting interest rates when it meets in mid-September, provided that there are no major surprises in the economic situation. (Jinshi)