TechFlow, September 18 — According to Jinshi Data, a CICC research report stated that looking ahead, due to overly weak employment data, we expect the Fed may cut interest rates by another 25 basis points in October. However, after that, rising inflation will make further rate cuts increasingly difficult, and the scope for monetary easing will be limited. The current crux of the U.S. economy is not insufficient demand, but rising costs. Excessive monetary easing cannot solve employment issues and may instead exacerbate inflation, pushing the economy into a "stagflation-like"困境.
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