According to a report from Jin Ten Data, China International Capital Corporation (CICC) stated that the United States may experience structural and one-time price increases in the coming months, but this will not lead to overall inflation. Federal Reserve officials will not make significant decisions based on single-month data.
The current labor market is stable, and the Federal Reserve is not in a hurry to cut interest rates; officials tend to observe more data. Next week, the Federal Reserve will hold a meeting in June, which may slightly raise the inflation forecast.
Due to the resilience of non-farm employment and a cooling of tariffs, the Federal Reserve's assessment of economic growth may be more optimistic, and Powell's stance may lean hawkish, disappointing investors hoping for interest rate cuts.