With the release of the US CPI data for April, major financial institutions on Wall Street have made new predictions on the direction of the Fed's monetary policy. JPMorgan Chase (JPM) pointed out that inflation is gradually returning to a downward track and expects the Fed to cut interest rates for the first time in July this year, but the prerequisite is that labor market activities need to cool down further.

Morgan Stanley (JPM) is more cautious. They expect inflation to cool down more in the second half of the year and predict that the Fed will start a rate cut cycle in September this year. At the same time, Goldman Sachs also maintained its forecast of a 25 basis point first rate cut in July and expects the Fed to maintain a quarterly rate cut rhythm thereafter.

These forecasts show that Wall Street generally believes that the Fed's monetary policy will turn to easing in response to the slowdown in economic growth and reduced inflationary pressure.

As for the market, continue to wait patiently and don't judge in the long run. Even if the bull market continues, the Fed's rate cut will definitely happen. The loose monetary policy will support the continuation of the bull market. Trading is not gambling, but coping!

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