CICC: The dot plot is slightly "hawkish", but Powell is actively reassuring the market.

robot
Abstract generation in progress

On March 20, Jinshi Data reported that in the face of tariff uncertainties, Federal Reserve officials are cautiously optimistic about the economic outlook, with forecasts showing concerns of "stagflation-like" conditions. Although the dot plot leans "hawkish," Powell actively reassured the market, suggesting that there would be no drastic actions. He also stated that the balance sheet reduction will soon slow down to avoid repeating the liquidity shock of 2019. The market reacted positively to Powell's remarks, but we believe that uncertainty in U.S. policy remains, and the economic downward risks cannot be ignored due to tariffs and government layoffs. We maintain our previous judgment that the Federal Reserve may still cut interest rates this year, with the next cut possibly in the third quarter.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)