High inflation expectations have not suppressed household consumption. In the first quarter, American household consumption still increased in both volume and price. If tariffs have an impact in the second quarter, there may be a significant increase.

Mr. Powell has directly abandoned the characterization of transitory inflation. This is similar to 2021; instead of waiting for interest rate cuts, we will ultimately wait for rate hikes.

It's possible that the June dot plot may reduce the number of rate cut occasions in 2026.

Amitabha...