CITIC Securities: The Federal Reserve Hints to Suspend Interest Rate Hikes But Interest Rate Cut is Still Far Away

CITIC Securities Research Report pointed out that the Federal Reserve decided to raise interest rates by 25bps as expected and implied a possible pause in interest rate hikes. But considering the inflation in the United States and the weakening but resilient US labour market, it is believed that interest rate cuts are neither urgent nor necessary in the short term. The Fed will not cut interest rates until the end of this year or early next year.