Cook has turned hawkish, and the interest rate cut dream is a step further away.

ME News Report, May 28 (UTC+8), Federal Reserve Board Member Lisa Cook stated in a speech at Stanford University that inflation is heading in the wrong direction, and if this situation persists, she is prepared to raise interest rates. Although Cook leans toward keeping borrowing costs unchanged and expects price growth to cool again in the coming months, her remarks align with many Federal Reserve officials' views that accelerating inflation is a primary concern of current policy. (Source: ChainCatcher)