News summary
[CITIC Securities: The Federal Reserve is expected to not cut interest rates during the year] Securities Times e Company Newscrashbandicoot4ps4, CITIC Securities Research News believescrashbandicoot4ps4, although the trend portion of the U.S. real neutral interest rate remains low, the volatile portion of the real neutral interest rate and short-term inflation expectations have increased, so the U.S. nominal neutral interest rate is in the range ofcrashbandicoot4ps4.crashbandicoot4ps4..
Newsletter text
[CITIC Securities: The Federal Reserve is not expected to cut interest rates during the year] Securities Times e Company News, CITIC Securities Research believes that although the trend part of the real neutral interest rate in the United States remains low, the fluctuations in the real neutral interest rate and short-term inflation expectations have increased. As a result, the nominal neutral interest rate in the United States has risen after the epidemic. The current Federal Reserve's policy interest rate is not highly restrictive and has limited suppression of U.S. demand. Corresponding to the monetary policy path, it is expected that the Federal Reserve may not cut interest rates during the year and trade time for space to curb U.S. demand and inflation.