CICC: The Fed’s window to cut interest rates in the short term no longer exists

According to Wu Shuo, CICC pointed out that as the U.S. non-farm payrolls and CPI exceeded expectations in March, the window for the Federal Reserve to cut interest rates in the short term has been closed. The Fed does not need to wait for the economy to deteriorate significantly before cutting interest rates; it only needs to find a suitable inflation window to lower interest rates slightly a few times.