After the release of the US April CPI data, many major Wall Street banks have released their latest research reports to interpret inflation trends and the direction of the Fed's policy. Here are the key points:
J.P. Morgan: "The April CPI data gave people a sigh of relief, and inflation is back on a downward track. We expect the Fed to cut interest rates for the first time in July, but achieving this goal may require further cooling of the labor market."
Morgan Stanley: "Inflation is expected to cool more in the future, especially in the second half of the year. We still believe that the Fed will cut interest rates for the first time in September."
Goldman Sachs: "Maintain the expectation that the Fed will cut interest rates by 25 basis points for the first time in July, and then expect the Fed to cut interest rates once a quarter."
The slowdown in inflation and the expectation of the Fed's interest rate cut have a significant impact on the market, especially on crypto assets such as Bitcoin and Ethereum. Policy easing may drive more funds into risky assets and bring new investment opportunities.
