Glenn Smith, chief investment officer of GDS Wealth Management, said that although the latest producer price index readings may indicate that inflation is stabilizing, more conditions are still needed for the Federal Reserve to adjust interest rates. He stated, “The PPI data released on Thursday alone will not change the Federal Reserve's policy considerations. Currently, the key to curbing inflation is to resolve the situation in the Middle East or establish an oil pipeline that can reduce dependence on the Strait of Hormuz, and the Federal Reserve has no influence on this.” “Looking at it now, the Federal Reserve is likely to keep interest rates unchanged until the end of the year.” he added.

Glenn Smith, chief investment officer of GDS Wealth Management, said that although the latest producer price index readings may indicate that inflation is stabilizing, more conditions are still needed for the Federal Reserve to adjust interest rates. He stated, “The PPI data released on Thursday alone will not change the Federal Reserve's policy considerations. Currently, the key to curbing inflation is to resolve the situation in the Middle East or establish an oil pipeline that can reduce dependence on the Strait of Hormuz, and the Federal Reserve has no influence on this.” “Looking at it now, the Federal Reserve is likely to keep interest rates unchanged until the end of the year.” he added.