"Federal Reserve Megaphone": Overheating of inflation in March may cause the Fed to overreact

According to BlockBeats, on April 10, Nick Timiraos, a reporter for the Wall Street Journal known as the "Federal Reserve's mouthpiece," said that given the Fed officials' underreaction to the inflation data in January and February, there is a greater risk that the overheating of the March inflation data may lead to an overreaction. The Fed has tried to avoid making policies based on one or two data points, but the resilience of economic activity so far this year means that the case for a mid-year rate cut depends on whether inflation resumes its steady downward trend since the second half of last year. If inflation is mild in March and April, then the Fed may cut interest rates in June. But if inflation is frustrated again in March, it could disrupt the June rate cut plan and delay the first rate cut until the Fed's July meeting, or even later. (Jinshi)