Lates News

Guosen Securities research report states that the US February CPI is in line with expectations, with core inflation showing a moderate performance. However, the market focus is no longer on this somewhat "outdated" data. In the benchmark scenario where the situation in Iran eases in the coming weeks or market reaction dulls, we predict that the US CPI year-on-year growth rate will increase in March and April respectively due to rising oil prices and compensatory increases in rent inflation, fluctuating around 3% thereafter. The Federal Reserve does not need to overly react to oil price fluctuations, and the US dollar may remain relatively strong in the near term, with a lack of sufficient downside space for the yield on US Treasury bonds to decrease.