ChainCatcher news, UOB economist Lee Sue Ann said that the development of the US banking industry has caused the market to effectively focus on the outlook, complicating the Fed's inflation fight because the uncertainty in the financial market is mixed with the focus on prices. If our basic expectation that the US financial industry has no systemic impact remains valid, then there is reason to expect that the Fed will continue to fight inflation and advance its interest rate hike cycle.
Therefore, we will continue to see the Fed raise interest rates by 25 basis points to 5.00-5.25% at the May meeting, and no rate cuts are expected this year, with the terminal rate of 5.25% to continue until 2023. (Jinshi)