A number of Federal Reserve (Fed) policymakers plan to speak this week as investors re-evaluate interest rate prospects after the April Consumer Price Index (CPI) data was released.

According to data from the CME Federal Reserve Watch Tool (Fed Watch Tool), the possibility that the Fed will keep the policy interest rate unchanged in September is around 35%.

Federal Reserve officials who will speak on Tuesday include Richmond Federal Reserve Bank President Barkin, New York Federal Reserve Bank President Williams, Boston Federal Reserve Bank President Collins, and Cleveland Federal Reserve Bank President Meister.

Federal Reserve Bank of Atlanta President Raphael Bostic (Raphael Bostic) said on Tuesday morning that the Federal Reserve must be cautious about cutting interest rates for the first time, adding that it may be necessary to delay interest rate cuts to avoid stimulating pent-up investment and other spending enthusiasm. Meanwhile, Federal Reserve Governor Christopher Waller (Christopher Waller) pointed out that he needs to see several more months of good inflation data before he can confidently support the easing policy.

After the higher-than-expected inflation data for the first quarter of this year, the Federal Reserve took a cautious approach to the timing of the policy shift. According to data released by the US Bureau of Labor Statistics on May 15, the US core consumer price index (CPI) rose 3.6% year on year in April. This figure is in line with the 3.8% increase in March and is in line with market expectations. On a monthly basis, both CPI and core CPI rose 0.3% after rising 0.4% in March. The dollar was under bearish pressure as market participants assessed inflation data, and the dollar index fell to its lowest level in more than a month, falling more than 0.7% weekly.

San Francisco Federal Reserve Bank President Mary Daly (Mary Daly) said on Monday that although she expects housing inflation to slowly improve, she doesn't expect progress very fast. Daly also pointed out that she has no confidence that inflation can continue to fall to the Federal Reserve's 2% inflation target.

According to reports, the Federal Reserve's vice chairman in charge of supervision, Michael Barr said that the Federal Reserve is in an advantageous position to maintain policy stability and observe the economy. Meanwhile, Federal Reserve Board Vice Chairman Jefferson acknowledged that the improvement in April's inflation data was encouraging, adding that it is still too early to determine whether the recent slowdown in the anti-inflation process will continue.

Last week, Federal Reserve Governor Michelle Bowman (Michelle Bowman) said that progress on inflation may not continue as many would like. Cleveland Federal Reserve Bank Governor Meester emphasized that maintaining the current level of the Federal Reserve's policy will help restore the still high level of inflation to the target level of 2%.

Federal Reserve Bank of Richmond President Barkin said on Thursday that the latest consumer price index (CPI) data shows that inflation has not reached the level the Federal Reserve wants.

Finally, Federal Reserve Bank of New York Governor Williams believes that there is no need to cut interest rates in the short term.