Pacific Investment Management economist Tiffany Wilding said that wait-and-see attitudes and the risk of rising inflation and unemployment mean that the Federal Reserve will continue to monitor upcoming data until interest rates are adjusted. However, she added that due to rising unemployment, long-term inflation expectations are still relatively stable, and the Federal Reserve may start cutting interest rates in September and continue until next year.

Pacific Investment Management economist Tiffany Wilding said that wait-and-see attitudes and the risk of rising inflation and unemployment mean that the Federal Reserve will continue to monitor upcoming data until interest rates are adjusted. However, she added that due to rising unemployment, long-term inflation expectations are still relatively stable, and the Federal Reserve may start cutting interest rates in September and continue until next year.