CICC: Powell is expected to have a hawkish attitude at the June interest rate meeting

According to BlockBeats news, on June 12th, Zhongfa wrote that they tend to see a round of price increases in the United States in the coming months, but unlike 2021-2022, this round of price increases has more structural and one-time characteristics, rather than comprehensive inflation. Mild inflation data is good news for the Federal Reserve, but officials will not make major decisions based on single month data. Due to the current stable labor market, the Federal Reserve does not need to rush to cut interest rates, and officials may prefer to look at several sets of data before making a decision. The Federal Reserve will welcome its June interest rate meeting next week. CICC believes that compared to the dot matrix in March when no "equivalent tariffs" were seen, the FOMC in June may slightly raise its inflation forecast. However, due to the resilience of non farm employment and the cooling of tariffs, the Federal Reserve's judgment on growth may be more optimistic than in March. As a result, Powell's attitude at this meeting may be hawkish, which may disappoint investors who are expecting the Federal Reserve to cut interest rates. (Golden Ten)