abugarciablackmax3| The central parity of the RMB was lowered by 14 points to 7.1016! Morgan Stanley postponed its forecast for the Federal Reserve's first interest rate cut to September

May 8thAbugarciablackmax3The midpoint of RMB is quoted at 7.Abugarciablackmax3.1016, down by 14:00, and the intermediate price was quoted at 7 in the previous session.Abugarciablackmax3. 1002 .

Fed Kashkari: most likely to keep interest rates unchanged for a long time

Fed Kashkali said that interest rates are most likely to remain unchanged for a long time; if you see a significant weakness in the labor market, it may stimulate interest rate cuts; if inflation becomes entrenched, it may raise interest rates if necessary; raising interest rates is not the most likely.Abugarciablackmax3But this possibility cannot be ruled out; multiple positive inflation data are needed to help the Fed start cutting interest rates. No more than two interest rate cuts are expected in 2024 in the June Economic Forecast Summary (SEP).

Morgan Stanley postponed the expectation of the Fed's first interest rate cut to September.

Economists at Morgan Stanley, citing a "lack of progress" in inflation, postponed expectations of the Fed's first rate cut from July to September. They still expect interest rates to be cut three times this year by 25 basis points each. Economists such as Ellen Zentner, Sam Coffin and Diego Anzoategui said in a report that the lack of progress since the start of the year meant it would take longer for Fed policymakers to be sure that inflation was continuing to fall towards its 2 per cent target. They expect core PCE at an annualised rate of three and six months to be "close to or below" 2 per cent by the end of the year, in which case it will be "too late" to cut interest rates after September.