巴克莱：美国展望_ 现在谈美联储政策转向还为时过早

FICC Research Economics 13 June 2025 US Outlook Much too early for a Fed pivot Although May's inflation estimates were soft, we retain our view that it is just a matter of time until cost-push pressures from tariffs feed through to consumer prices. We doubt the FOMC will take much signal, with next week's projections likely to show one fewer cut this year than in March. May inflation data show little imprint from tariffs, yet Core CPI rose just 0.13% m/m (2.8% y/y), much less than expected (Barclays: 0.27%; ...