Core Viewpoint - Donald Trump is pressuring the Federal Reserve to lower interest rates, citing a weaker-than-expected CPI inflation report, claiming that the U.S. is experiencing "no inflation" [1][2][11] Inflation Data Summary - The April CPI report showed a 0.2% increase in both overall and core CPI, which was below market expectations, influenced by lower-than-expected price increases for goods affected by tariffs and weak service inflation [1][4] - The overall inflation data is seen as a sign of potential demand weakness for non-essential goods, with analysts expecting price increases driven by tariff policies to become more apparent in the coming months [4][13] Federal Reserve Rate Expectations - Wall Street analysts have significantly lowered their expectations for the Federal Reserve to cut rates, with Goldman Sachs now predicting the first cut will occur in December instead of July [5] - The latest pricing in the interest rate futures market indicates that traders expect the Fed to remain on hold during the June and July meetings, with potential cuts in September and December, each by 25 basis points [5][12] Trade Policy Impact - Trump's administration has imposed a 10% global benchmark tariff and high tariffs on China, which have raised concerns about consumer costs and economic slowdown [11][12] - Recent trade agreements between the U.S. and China are expected to significantly reduce tariffs, with the new effective rate on most goods dropping from 145% to 30% [12][11] Consumer Price Trends - The April report indicated a significant drop in grocery prices, the largest since 2020, primarily driven by a sharp decline in egg prices [17] - Analysts note that while the April inflation report shows improvement, the impact of tariffs may take longer to manifest compared to Trump's first term [16][13]
通胀数据报喜后 特朗普再向美联储怒吼：美国没有通胀 请尽快降息
智通财经网·2025-05-13 23:50