US CPI Data

It is reported that former US Treasury Secretary Summers said that considering the importance of fighting inflation, it is still reasonable for the Federal Reserve to raise interest rates by 25 basis points next week. “In my opinion, if the Federal Reserve no longer focuses on curbing inflation and making it fall towards the target range of 2%, it will make a serious mistake,” Samos said in a television interview. “I expect the Federal Reserve to raise interest rates by 25 basis points next week is still appropriate, but the situation will always change.” Summers said: “I will not rule out any possibility now,” but it is “unwise” to make a decision to raise interest rates by 50 basis points based on the situation before Monday. He said that the focus should be on Tuesday’s US CPI data and the development of the financial market in the next week. Summers: It is still appropriate for the Federal Reserve to raise…