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@chenqiuyu
The US cpi data is so good that the market is already betting on three rate cuts this year. From a financial market perspective, the current data does justify two or three rate cuts. But at a higher political level, I don't think it's that simple. The most important thing for the US is not the inflation number or the employment number, but the US stock market. The US stock market is to the US what real estate is to China, the foundation of the country. Now the US stock market is still hitting new highs despite the high interest rate of 5%, and there is no need to cut interest rates in the short term. Moreover, from the previous Federal Reserve rate cuts, US stocks generally fall first and then rise, if the rate cut in July or September, it is very unfavorable to the US election in November.
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