Analyst Richard Flynn Comments On CPI Data And Interest Rates

According to Odaily, analyst Richard Flynn has commented on the recent Consumer Price Index (CPI) data. Despite the comforting nature of the current CPI data, especially in light of last month's unwelcome higher-than-expected figures, Flynn does not anticipate an immediate change in interest rates. He highlighted that patience has been a key message from the Federal Reserve recently. Officials have consistently stated that the current interest rates have sufficient restrictiveness to control inflation, and the next step would be a rate cut. However, it is also clear that they are not in a hurry to take action.