blazeroulette| The central parity of the RMB was quoted at 7.1048, up 11 points

On April 24th, the midpoint of RMB was quoted at 7.Blazeroulette.1048, up by 11:00, the previous trading day was quoted at 7.Blazeroulette. 1059 .

Economists at Citi think the Fed is likely to cut interest rates in June or July

It is not clear whether the Fed will cut interest rates in 2024, leading to adjustments by many Wall Street analystsBlazerouletteWasBlazerouletteThey forecast the market to accept the revised reality of interest rates. However, Citigroup strategists remain convinced that interest rates will be cut as early as June or July at the earliest.

Veronica Clark, an economist at Citigroup, joined the Market Domination to discuss why Citi's Fed forecast has not wavered. "We still have a basic forecast for June or July," Clark said bluntly. But I think the fundamental difference for us is that we do think the Fed has a more dovish response. But this is not to say that we are seeing some magical slowdown in the inflation data, if any, we still think inflation is very sticky. And we think the Fed is looking at some labor market data, even our survey data this morning and PMI services employment data, and is worried that we may be entering a weak labor market and is eager to prevent that from happening. "

Oaktree Capital Max: the Fed will not cut interest rates to ultra-low levels

At a time when the market is eager for the Fed to start cutting interest rates as soon as possible, Howard Marks, co-founder of Oak Capital, said the Fed would not cut interest rates to ultra-low levels, but he thought that was a good thing.

Investors have been expecting the Fed to cut interest rates since last year, but they have been hit by reality. The continued hot economy and unusually stubborn inflation in the United States have surprised almost everyone, and the market's bet on the number of Fed interest rate cuts this year has fallen from six at the beginning of the year to only one or two, and some pessimists even believe that there may be no interest rate cuts this year.