Analyst: If it weren't for tariffs, the Federal Reserve would cut interest rates now.

Forexlive analysts: The US dollar faced moderate selling pressure after the release of the CPI, but it was mostly consolidating. The housing prices in the US rose by 0.3% in April, accounting for more than half of the monthly increase; energy prices rose by 0.7% due to increases in natural gas and electricity prices offsetting a 0.1% decline in gasoline prices; and food prices fell by 0.1%. The core CPI for the three months ending in April was equivalent to an annual rate of 2.1%, and the six-month equivalent annual rate was 3.0%. I believe that if it were not for tariffs, the Fed would likely have cut interest rates by now.