Analyst: More positive inflation data is needed to prompt the Federal Reserve to further ease monetary policy

BlockBeats News, January 16th, after the CPI report was released, Rick Rieder, Chief Investment Officer of Global Fixed Income at BlackRock, said that the progress of inflation "may be slow and uneven, at least because the economy faces significant uncertainty due to future year-over-year fiscal policy changes." Rieder believes that changes in tariffs and trade regimes "could indeed push up core goods inflation for a period of time."

Tina Adatia, Head of Fixed Income Client Portfolio Management at Goldman Sachs Asset Management, stated in a report to clients that the CPI data strengthened the argument for further Fed rate cuts, but the Fed "has room for patience." Adatia said, "More solid inflation data is needed to prompt the Fed to further ease monetary policy." (FX678)