CITIC Securities: The Fed may raise interest rates in the second half of the year

CITIC Securities Research Report pointed out that the inflation data in the United States in June was lower than expected, and the first half of the inflation process was successfully completed. However, the Securities expected CPI may rebound in July, and then continue to fluctuate around 3%. It is expected that the Federal Reserve may raise interest rates in July. Whether to raise interest rates in September and beyond still needs to observe the trend of subsequent employment and inflation data. It is expected that the Fed will keep releasing hawkish signals within this year and will not cut interest rates throughout the year. It is expected that the ten-year U.S. bond interest rate and the U.S. dollar index will remain weak and volatile in the short term, but there will be no significant downward trend. The U.S. stocks will keep rebounding, and then will probably trend lower.