Golden Finance reported that Nick Timiraos, the "Fed's mouthpiece", wrote that the April inflation report showed that price pressures eased last month, which should make it easier for Fed officials to maintain policy unchanged at next month's meeting. The report alone was not enough to convince officials that three higher-than-expected inflation readings earlier this year were a departure from the downward trend in price pressures that policymakers had expected. The Federal Reserve may not be ready to cut interest rates before September as it may take two more reports to shore up officials' confidence that inflation can return to the lower levels that prevailed before the pandemic.