CITIC Securities: Expect the Federal Reserve to cut interest rates by 25 basis points within the year

Mars Finance reports that, according to Jintiao, CITIC Securities’ research report states that the overall U.S. inflation in March surged significantly driven by soaring oil prices, while core inflation remained moderate. It is expected that the April CPI may continue to show a relatively high growth rate month-on-month due to compensatory rent inflation. If oil prices decline slowly, the U.S. CPI year-on-year may remain above 3% for the rest of the year. CITIC Securities still expects the Federal Reserve to cut interest rates by 25 basis points within the year, and the U.S. dollar may experience recent weak fluctuations.

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