中金：鲍威尔在6月议息会议上的态度可能偏鹰

Core Viewpoint - The article suggests that the upcoming Federal Reserve meeting in June may see a hawkish stance from Chairman Powell, indicating a potential shift in monetary policy due to structural and one-time inflationary pressures rather than broad-based inflation [1] Group 1: Inflation Outlook - The company anticipates a round of price increases in the U.S. over the next few months, which will be more structural and one-time in nature compared to the inflation seen in 2021-2022 [1] - Moderate inflation data is viewed positively by the Federal Reserve, but officials are unlikely to make significant decisions based on a single month's data [1] Group 2: Federal Reserve's Decision-Making - Given the current stability in the labor market, the Federal Reserve does not feel the need to rush into interest rate cuts, preferring to analyze several data sets before making decisions [1] - The June FOMC meeting may see a slight upward adjustment in inflation forecasts compared to March, with a more optimistic view on growth due to resilient non-farm employment and easing tariffs [1] Group 3: Market Implications - Powell's potentially hawkish attitude in the upcoming meeting may disappoint investors who are anticipating interest rate cuts [1]