The Federal Reserve's next interest rate cut may be delayed until the fourth quarter

According to Jinshi reports, the CICC research report states that the Federal Reserve maintained interest rates at the April meeting, which aligns with market expectations, but four officials voted against it, indicating a more cautious stance on monetary policy. The high oil prices triggered by the US-Iran conflict, combined with the effects of previous tariffs, have made the inflation environment more complex. CICC believes that the likelihood of the Federal Reserve raising interest rates this year is low, and the path to rate cuts will be longer, with the next rate cut possibly delayed until the fourth quarter.