Express
CICC: US Inflation May See an Upward Turning Point in the Next 1-2 Months
Summary: According to Jinshi data, CICC has found that tariffs have actually led to a partial rebound in US inflation, but the seasonal adjustment method has underestimated inflation by nearly 20bp in the past 2 months, with CPI readings not reflecting the true situation of the inflation rebound. It is predicted that the CPI may confirm ...
According to Jinshi data, CICC has found that tariffs have actually led to a partial rebound in US inflation, but the seasonal adjustment method has underestimated inflation by nearly 20bp in the past 2 months, with CPI readings not reflecting the true situation of the inflation rebound. It is predicted that the CPI may confirm an upward turning point in the next 1-2 months, possibly as early as August 12. The upward cycle of CPI on a year-on-year basis may last for about a year, and the inflation increase can be estimated using input-output tables. The US inflation entering an upward cycle may disrupt the pace of Fed rate cuts, bringing new variables to global assets.
Tags:
Link: CICC: US Inflation May See an Upward Turning Point in the Next 1-2 Months [Copy]
