yhor
@yrr
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According to a report by Jinshi, Cheng Zhenshi, Chief Economist of ICBC International, stated at the 2025 China Chief Economist Forum Annual Meeting that the adjustment path of US monetary policy in 2025 will be a "first urgent and then gradual" process. Currently, it is expected that the Federal Reserve will cut interest rates by around 50-75 basis points in 2025. Cheng Shi stated that the risk of re inflation faced by the United States can mainly be seen from two dimensions: firstly, the current range of inflation in the United States is prone to rise but difficult to fall, and there is little room for further decline and great difficulty. In fact, there are many factors that may drive upward inflation in the United States. Secondly, the current market has formed an upward expectation for US inflation, which is always self fulfilling, thus creating substantial upward pressure on inflation. @ftor36 0 reply
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