Analyst: More positive inflation data is needed to further relax monetary policy by the Federal Reserve

BlockBeats news, on January 16, 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 partly due to the huge uncertainty the economy faces in the coming year due to changes in fiscal policy." Rieder believes that changes in tariffs and trade systems "could indeed push up core commodity inflation for a period of time." Tina Adatia, Head of Fixed Income Client Investment Portfolio Management at Goldman Sachs Asset Management, said in a report to clients that the CPI data strengthens the argument for further rate cuts by the Fed, but "the Fed has room to remain patient." Adatia said: "More good inflation data is needed to prompt the Fed to further ease monetary policy." (FX678)