Institution: It is expected that the Federal Reserve will continue to remain cautious and restart interest rate cuts, possibly in the third quarter

According to BlockBeats, on April 11th, a research report by CICC stated that both core and overall CPI inflation in the United States fell in March, both below market expectations. The slowdown in inflation indicates that US aggregate demand had already weakened before the arrival of 'equivalent tariffs', such as a significant drop in oil prices, airfare, and hotel prices. The impact of tariff shocks on core commodity prices has not been fully reflected, but this may begin to manifest in the coming months. Looking ahead, it is expected that there will be a wave of price increases in the United States in the second quarter before demand ultimately suppresses inflation. It is expected that the Federal Reserve will continue to remain cautious and will not cut interest rates in the short term. Restarting interest rate cuts may occur in the third quarter. (Golden Ten)