Qiaoshui said that at present, we believe that the impact of tariffs on US inflation and economic growth has not been fully revealed. Although some of the effects have begun to gradually spread along the path we expected, the impact on some aspects, such as the impact of tariff uncertainty on corporate investment, is still relatively limited. Based on judging the current state of the US economy and the policy direction of the Federal Reserve, we believe that the US economy is operating at full capacity, and fiscal policy may drag down growth in the short term, but once budget measures such as the “Big and American Act” are implemented, fiscal policy will support the economy. The possibility of a major adjustment in US monetary policy in the near future is low, which is basically in line with current market pricing.

Zhitongcaijing · 07/03 00:17
Qiaoshui said that at present, we believe that the impact of tariffs on US inflation and economic growth has not been fully revealed. Although some of the effects have begun to gradually spread along the path we expected, the impact on some aspects, such as the impact of tariff uncertainty on corporate investment, is still relatively limited. Based on judging the current state of the US economy and the policy direction of the Federal Reserve, we believe that the US economy is operating at full capacity, and fiscal policy may drag down growth in the short term, but once budget measures such as the “Big and American Act” are implemented, fiscal policy will support the economy. The possibility of a major adjustment in US monetary policy in the near future is low, which is basically in line with current market pricing.