CITIC Securities: It is expected that the U.S. CPI in March will rise due to the increase in oil prices
According to Jinshi News, a research report from CITIC Securities states that the U.S. February CPI fully met expectations, with core inflation showing moderate performance. It is expected that in March and April, due to rising oil prices and compensatory increases in rental inflation, the year-on-year growth rate of the U.S. CPI will rise, and thereafter will fluctuate around 3%. The Federal Reserve does not need to overreact to fluctuations in oil prices, the U.S. dollar may maintain a relatively strong oscillation in the near term, and the ten-year U.S. Treasury yield lacks sufficient downward space.
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