Group 1 - The FOMC voting member and San Francisco Fed President Daly suggests that there may be two interest rate cuts in 2025 [1] - There is a belief that the economy is on a sustainable path for inflation to return to 2% [1] - Potential tariffs are not expected to cause a significant increase in consumer goods prices [1] Group 2 - Consumer spending growth is slowing down but has not yet stopped [1] - Importers and retailers are absorbing some of the tariff costs [1]

Core Viewpoint - The Federal Reserve's Daly indicates that importers and retailers are absorbing some of the tariffs imposed on goods, which may impact pricing strategies and consumer behavior in the market [1] Group 1 - Importers are taking on a portion of the tariffs, which suggests a shift in cost burden from consumers to businesses [1] - Retailers are also absorbing some of the tariff costs, potentially affecting their profit margins and pricing strategies [1] - This absorption of tariffs by importers and retailers may lead to changes in market dynamics and consumer purchasing patterns [1]

Core Viewpoint - Federal Reserve's Daly suggests that tariffs may not lead to significant price increases [1] Group 1 - The statement indicates a potential stability in pricing despite the implementation of tariffs [1] - This perspective may influence market expectations regarding inflation and consumer spending [1] - The comments reflect a broader economic outlook that could affect investment strategies in various sectors [1]

美联储戴利：预计关税不会对通胀产生持续性较强的影响。 ...

Core Viewpoint - Federal Reserve Governor Waller stated that tariffs will lead to a one-time increase in prices, and central banks around the world can disregard their impact [1] Group 1 - Waller emphasized that the effect of tariffs on prices is not ongoing but rather a one-time adjustment [1] - He indicated that central banks should not factor in the influence of tariffs when making monetary policy decisions [1] - The comments suggest a focus on broader economic indicators rather than tariff impacts for central banks [1]

美联储理事沃勒：关税的影响并非零，但也不算大。 ...

美国圣路易联储主席Musalem：尚无法判断关税是否会对通胀产生持久影响。 ...

Core Insights - Jamie Dimon, Chairman of JPMorgan Chase, indicated that tariffs, immigration policies, and deficits are contributing to inflation in the United States [1] Group 1 - Tariffs are identified as a factor leading to inflation [1] - Immigration policies are also highlighted as a contributing element to inflation [1] - The issue of deficits is mentioned as a significant driver of inflation in the U.S. economy [1]

Core Viewpoint - The CEO of JPMorgan Chase, Jamie Dimon, believes that tariffs exert inflationary pressure and will not be implemented all at once [1] Group 1 - Tariffs are expected to contribute to inflationary pressures in the economy [1] - The implementation of tariffs will be gradual rather than immediate [1]

美联储穆萨莱姆：预计关税将从六月开始对通胀产生影响。可能会在今年晚些时候形成完整的影响图 景。 ...