DBS Bank: It is expected that the Federal Reserve will not cut interest rates this year

ChainCatcher news, UOB economist Lee Sue Ann stated that the development of the U.S. banking sector has drawn effective market attention to the outlook, complicating the Federal Reserve's fight against inflation as concerns about prices are mixed with uncertainty in the financial markets. If our basic expectation that the U.S. financial sector does not bring systemic effects remains valid, there is reason to expect the Federal Reserve to continue its fight against inflation and advance its rate hike cycle.

Therefore, we will continue to see the Federal Reserve raise rates by 25 basis points to 5.00-5.25% at the May meeting, with no rate cuts expected this year. (Jin10)