Many major Wall Street banks maintained their previous interest rate cut forecasts for the Federal Reserve

After the release of the US CPI data in April, a number of major Wall Street banks released the latest research report to comment on the data. Xiaomo said that the CPI data in April gave people a sigh of relief. Inflation is returning to a downward track. It is still believed that the Federal Reserve will cut interest rates for the first time in July, but this may need to see further cooling of labor market activity. Damo said that they expect more cooling of inflation in the future, especially in the second half of the year. It is still believed that the Federal Reserve will cut interest rates for the first time in September this year. Goldman Sachs said that they maintain the expectation that the Federal Reserve will cut interest rates for the first time in July by 25 basis points, and the Federal Reserve is expected to cut interest rates quarterly thereafter.