Goldman Sachs(US:GS) Xin Hua Cai Jing·2025-05-27 14:54Group 1 - Goldman Sachs expects the US core Personal Consumption Expenditures (PCE) price index to rise from 2.6% in March to 3.6%, driven by rising import prices, increased domestic production costs, and producers raising prices [1][2] - Pantheon Macroeconomics notes that France's Consumer Price Index (CPI) increased by 0.6% year-on-year in May 2025, lower than April's 0.9%, indicating a slowdown in inflation due to declining service and energy price increases [2] - Nomura Securities suggests that the Japanese Ministry of Finance may shift to short-term borrowing from the third quarter, reducing the issuance of ultra-long-term bonds, which is a response to the recent surge in ultra-long-term government bond yields [3] Group 2 - PIMCO anticipates that the Reserve Bank of Australia (RBA) may implement multiple rate cuts over the next year, lowering the official cash rate from 3.85% to approximately 2.75% to achieve a neutral rate level [1] - Société Générale indicates that South Korea's inflation rate in April was 2.1%, close to the long-term target of 2.0%, supporting the need for the Bank of Korea to adopt a monetary easing policy [3] - The European Central Bank is expected to lower rates again in June, with market expectations for a 25 basis point cut to 2.0%, as France's inflation remains below the ECB's mid-term target of 2% [2]