According to a report by Jinshi, CICC's research report shows that US retail sales in December 2023 increased by 0.6% month-on-month, the strongest growth in the past three months. Strong consumption will increase the resilience of the US economy and reduce the possibility of recession, thereby reducing the urgency of the Federal Reserve to cut interest rates. CICC believes that the Federal Reserve may not cut interest rates in March, and the expectation of six interest rate cuts throughout the year may be too radical.

#美联储