Analyst: The Federal Reserve may have to raise interest rates in September

According to Jinshi reports, Allianz Chief Economist Ludovic Subran stated: "The U.S. non-farm payroll data is actually weak, but I still believe that the inflation rate will peak above 3.7%, and that artificial intelligence, fiscal stimulus, and the energy sector are still supporting economic growth. The Federal Reserve may have to raise interest rates in September. I think this is the real divergence between Europe and the U.S."

Subran believes that after last month's rate hike, the European Central Bank will not take action again. "That was an insurance-style rate hike, but from the data now, it seems to be in the past," he said. "The traumatic effects of the (Iran) war will take time to manifest, the economy is still bearing the costs of the war, but the situation is much better now than it was a few weeks ago."