CICC: The U.S. CPI is likely to remain in the 2.5%-3% range this year, alleviating concerns for the Federal Reserve's interest rate cuts

Odaily reports that the CICC's major asset inflation sub-index forecast model shows that as long as no black swan events occur, the U.S. CPI inflation is likely to remain in the 2.5%-3% range this year, and PCE will stay within the 2%-2.5% range. The risk of secondary inflation in the second half of the year is relatively low, which alleviates concerns about interest rate cuts by the Federal Reserve.