Societe Generale global chief economist and head of Asia-Pacific research Yao Wei said he expects the U.S. policy interest rate to remain unchanged this year and next year. According to Ming Pao, he said that despite a sharp recent drop in oil prices, energy-related shocks will not show up immediately and may take several quarters to pass through to downstream products.
Yao also said China is benefiting from the global AI boom, with exports gaining, and that while China’s AI investment scale is still small for now, it should gradually provide support to the economy over the long term.
Societe Generale Economist Yao Wei Expects U.S. Policy Rate to Stay Unchanged in 2025-26
2026-06-16 09:43:43
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