Analyst: The U.S. economy is robust, and only one interest rate cut is expected this year

ChainCatcher news, Matthias Schieber, head of the Multi-Asset Team at Allspring Global Investments, stated that U.S. fiscal policy remains accommodative, and the passage of Trump's "beautiful big deal" undoubtedly adds fuel to the fire. It is expected that this legislation could contribute up to 1 percentage point to U.S. economic growth in its first year of implementation, after which the marginal effect will gradually decrease.

From a macro perspective, the U.S. economy still appears robust: the unemployment rate remains stable, real wages continue to grow, and corporate earnings show resilience. Unless there is a significant shock to the labor market or renewed concerns about the independence of the Federal Reserve arise, we expect the Fed to maintain a wait-and-see stance, with a possible rate cut later this year. The future direction of policy will largely depend on the trade-off between inflation and growth. (Jin Shi)