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Tachman told China Business News that it seems difficult to achieve the final 1% reduction in inflation.
On May 1 local time, the Federal Reserve announced its latest interest rate resolution. As expected by the market, it held its ground for the sixth time, maintaining the federal funds rate at 5.25%~5.50%. At the press conference after the interest meeting, Federal Reserve Chairman Powell acknowledged the lack of progress in inflation and said that he was highly concerned about related risks. "Inflation is still too high, and further progress in combating inflation is not clear," Powell said.
Peter Tuchman, a trader at NYSE, said in an interview with China Business News that in the past, the Federal Reserve has been committed to reducing the inflation rate from 3% to 2%, but the final 1% decline seems difficult to achieve. "In fact, more economic data released in the past few weeks are disappointing. In April, the US stock market hit the worst monthly performance in the year. The question is, will the market decline continue to the next month or even the rest of this year?"
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