Woofun AI reports that Allianz Chief Economist Ludovic Subran anticipates the Federal Reserve may implement an interest rate increase in September. Subran argues that despite weak non-farm payroll figures, inflation is projected to peak above 3.7%, supported by growth in artificial intelligence, fiscal stimulus, and the energy sector. He identifies this trajectory as the primary divergence between U.S. and European economic policies, noting that the European Central Bank’s recent precautionary hike marks the end of its current tightening phase.