Odaily星球日报讯 MainSky Asset Management 分析师 Eckhard Schulte 表示，美国通胀的缓慢进展可能意味着美联储要到秋季才会降息，或者今年根本不会降息。“这不是我们的核心设想，但最终它不会建立一个新的『市场静态』，”Schulte 表示。美国 1 月份的通胀数据高于预期，促使美国国债市场做出膝跳反应，收益率上升。Schulte 表示，只有当美联储谈论可能的加息时，才会出现这种情况。“但只要通胀情况在未来几个月内不大幅恶化，就不会出现这种情况。”（金十）

Odaily星球日报讯 MainSky Asset Management 分析师 Eckhard Schulte 表示，美国通胀的缓慢进展可能意味着美联储要到秋季才会降息，或者今年根本不会降息。“这不是我们的核心设想，但最终它不会建立一个新的『市场静态』，”Schulte 表示。美国 1 月份的通胀数据高于预期，促使美国国债市场做出膝跳反应，收益率上升。Schulte 表示，只有当美联储谈论可能的加息时，才会出现这种情况。“但只要通胀情况在未来几个月内不大幅恶化，就不会出现这种情况。”（金十）

分析师：美联储可能要到秋季才会降息

Odaily Odaily report: MainSky Asset Management analyst Eckhard Schulte said that the slow progress of US inflation may mean that the Federal Reserve will not cut interest rates until the fall, or may not cut interest rates at all this year. "This is not our core assumption, but ultimately it will not establish a new 'market stasis'," Schulte said. The higher-than-expected US inflation data in January prompted a knee-jerk reaction in the US bond market, with yields rising. Schulte said this would only happen if the Federal Reserve discussed possible rate hikes. "But as long as the inflation situation does not deteriorate significantly in the coming months, this will not happen." (Jinshi)

Analyst: Fed may not cut rates until fall

Odaily reports that Baylee Wakefield, a multi-asset portfolio manager at Aviva Investors, said: "Investors will focus on today's CPI data to see if we can get any clues about the future direction of the Fed. Powell's speech yesterday was very consistent with what he had said before, perhaps slightly more hawkish. I think the information we get is that the Fed is more concerned about the upside risks of potential inflation in the short term." (Gold Ten)

Analysts: The Fed is more nervous about potential upside risks to inflation in the short term

Odaily Odaily report: The US dollar is trading steadily as investors focus on a speech by Federal Reserve Chairman Powell and await the release of US inflation data tonight. Powell said on Tuesday in testimony to the Senate Banking Committee that the Fed is in no rush to cut interest rates. He will deliver a speech to the House Financial Services Committee at 11 pm tonight. Swissquote Bank analyst Ipek Ozkardeskaya said in a report that lower-than-expected inflation data would ease concerns about price pressures and weaken the US dollar. Conversely, stronger-than-expected inflation data could support a further rise in US Treasury yields and the US dollar, and dampen risk appetite. (Jinshi)

US dollar index trades steadily ahead of Powell's speech and CPI data

Here is the English translation, with <> elements retained:

Mars Finance News, four years ago, former U.S. Treasury Secretary Lawrence Summers criticized U.S. fiscal and monetary policymakers for overstimulating the economy, leading to the biggest inflationary outbreak in a generation. Now he is warning again that there is a danger of a renewed price surge. Summers said on the "Wall Street Week" TV program: "This may be the most sensitive moment we have faced in terms of the risk of an escalation of inflation since the policy mistakes of 2021 that led to severe inflation." Summers pointed out that signs of tightness in the labor market, including the sharp wage growth reported in the January employment data released last week, have already provided a backdrop for potential consumer price increases, even before any action by the new administration. Since the release of that data, U.S. President Trump has also raised tariffs on imported goods and threatened to add a series of other tariffs. As a Harvard University professor and paid columnist for Bloomberg TV, Summers said: "This is a moment when we need to be very careful about inflation - even before the White House takes action." He urged the Federal Reserve to remain vigilant on price pressures and believes that further rate cuts are unlikely in the current cycle. Federal Reserve Chairman Powell reiterated his views from last month in Senate testimony on Tuesday, that the Fed does not need to rush to cut rates after lowering the benchmark rate by 1 percentage point in the final months of 2024. Summers said: "This is not a probability, but there is a very real possibility that the Fed's next move will be to raise rates, not cut them. This is a particularly dangerous moment for any kind of cost shock, any kind of rhetoric that undermines the credibility of the fight against inflation, any kind of fiscally irresponsible measures." At the beginning of 2021, Summers warned that Biden's $1.9 trillion fiscal plan could fuel inflation, which unsettled some Democratic colleagues. He also criticized the Federal Reserve for not paying enough attention to price risks. Powell acknowledged in March 2022 that "in retrospect, we should have raised rates sooner." In contrast, Biden's team continues to defend their actions. Former Treasury Secretary Janet Yellen believes the bigger mistake was not doing enough, resulting in years of scarring in the labor market. (Jinshi)