Di Yi Cai Jing·2025-09-12 00:40Core Viewpoint - Citic Securities believes that the U.S. August CPI is generally in line with expectations, indicating that the inflation situation has not worsened [1] Group 1: Inflation and CPI - The prices of import-sensitive goods and core service inflation remain relatively stable [1] - The overall CPI in the U.S. is expected to hover around a year-on-year growth rate of approximately 3% in the coming months [1] Group 2: Monetary Policy Outlook - The ongoing dispute over the legality of White House tariffs may be one reason for companies to delay price increases [1] - Citic Securities maintains its forecast that the Federal Reserve will implement three consecutive rate cuts of 25 basis points each within the year [1] - The rate cut trade is expected to be a clear main theme in the near term [1]