The fight against inflation is not over yet, and U.S. and European monetary policies may face variables

Xiao Yu (Associate Researcher at the Institute of Asia-Pacific and Global Strategy, Chinese Academy of Social Sciences)

The Fed's slowdown in interest rate cuts may be a high probability event. As the time for Trump to formally enter the White House approaches, the possibility that the United States’ “de-inflation” process will be hindered is rising. Although Federal Reserve Chairman Powell has responded to this issue on multiple occasions, claiming that because Trump’s new policy has not yet been implemented, it is impossible to assess the impact of Trump’s tariffs, tax cuts, and immigration policies on the U.S. economy, and the Federal Reserve will not change monetary policy. Set direction.

But the actual situation is that on the day when the last Federal Reserve interest rate meeting was...
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