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CITIC Securities: Maintain the Federal Reserve's forecast of three interest rate cuts of 25bps each year
The US CPI in August was largely in line with expectations. Overall, it continued the "moderate" tone of the previous report, but the core CPI reading was flawed due to the impact of rental inflation. We expect US inflation to be roughly stable year-on-year during the year. We still believe that the trend of cooling rental inflation is not reversed, maintaining the forecast of three 25bps rate cuts by the Federal Reserve during the year. The election debate has allayed market concerns about the ...
2024-09-12 00:17:55
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