Guosheng Securities: U.S. Second Round of Inflation Pressure Has Begun

First Display
Jinshi Data News on February 14th, Guosheng Securities pointed out that both the US CPI and core CPI in January rebounded more than expected, and the secondary inflation pressure has begun to emerge. After the data was released, the market's expectations for a Fed rate cut were significantly lowered. Currently, the market expects the Fed to cut interest rates only once in 2025, at the earliest in September. Against the background of secondary inflation and the bottoming out and rebound of the US economy, beware that the Fed may not cut interest rates within the year. In the future, we still need to focus on the performance of non-farm payrolls, CPI, and whether Trump will use political means to pressure the Fed.