Newsletter summary
[CICCOzwincasinonodepositbonusThe Fed may cut interest rates only once this yearOzwincasinonodepositbonus, perhaps in the fourth quarter] Securities Times e Company News, CICC Research News pointed out that the US CPI in April increased by 3% compared with the same period last year.Ozwincasinonodepositbonus.4% (previous value 3OzwincasinonodepositbonusCore CPI grew 3.6% year-on-year (the previous value was 3.8%), both slowing down from last month, in line with market expectations.
Text of news flash
[CICC: the Federal Reserve may cut interest rates only once this year, maybe in the fourth quarter] Securities Times e Company News, CICC Research News pointed out that the US CPI in April grew 3.4 per cent year-on-year (the previous value was 3.5 per cent), and the core CPI grew 3.6 per cent year-on-year (3.8 per cent), both slowing down from last month and in line with market expectations. From the itemized point of view, the prices of used cars, furniture, household appliances and other commodities continue to fall, and service inflation is still sticky. This set of inflation data is of great significance to the market, reducing "secondary inflation" fears, helping to boost risk appetite and driving up US stocks. However, CICC believes that one month's data will not cause the Fed to cut interest rates soon. on the contrary, the slowdown in inflation will make financial conditions more relaxed, the economy and inflation will be more flexible in the future, and the possibility of "not landing" will rise. just like it happened in the past few months. To reiterate the previous view: the Fed may cut interest rates only once this year, perhaps in the fourth quarter. Us bond yields will remain high, and US stocks may continue to be more attractive than bonds.
