On June 21st, Gelunhui: Former President of the St. Louis Federal Reserve Bank, Brad, stated that despite the latest inflation data raising hopes for a rate cut in September, the pace of US monetary policy easing is expected to be slow. He said that the pace of rate cuts would be slow because the real economy is not urgent. However, he added that the latest inflation report would bring back the situation in September. Although the Federal Reserve officials' forecast shows that there will only be one rate cut in 2024, the market expects two 25 basis point rate cuts in November and December this year. Brad expects the yield on US 10-year Treasury notes to remain around 4% through 2025.
布拉德：通胀数据虽引发9月降息希望 但政策放松步伐仍会缓慢
Brad: Inflation data may prompt a rate cut in September, but the pace of policy easing will still be slow.
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