Institution: CPI data cannot dispel the expectation of four interest rate cuts by the Federal Reserve this year

Lombard Odier asset management analyst Florian Ielpo said that higher-than-expected inflation will definitely put an end to the expectation of a rate cut in March, but it may not necessarily end the expectation of four rate cuts by the Federal Reserve this year. The main reason why the Fed is unlikely to cut rates in March is due to service sector inflation, as service inflation and housing costs within it have not yet normalized.