Lates News

CITIC Securities released a research report pointing out that it is expected that the global economic growth will continue to decline in the second half of 2025. Overseas inflation stickiness is gradually fading out of the market's view, and tariffs are becoming a new key variable. Tariff-induced commodity inflation may cause the overall CPI in the United States to rebound in the second half of the year. CITIC Securities still expects the Federal Reserve to cut interest rates less than or equal to 2 times this year, or to cut interest rates again at the September meeting; the European Central Bank may maintain the deposit facility rate at 2% after cutting interest rates by 25 basis points in June; the Bank of Japan may wait for progress in U.S.-Japan tariff negotiations and raise interest rates by 25 basis points in the third quarter. The U.S. tax reduction bill may encounter obstacles in legislation, but the expansion direction is clear, and the path of fiscal expansion in the European Union is also clear. It is recommended to seek trading opportunities for various assets in high volatility in asset allocation.