Dongwu Securities: Maintaining the View that the Federal Reserve Will Not Raise Interest Rates This Year

According to a research report from Dongwu Securities, the remaining inflation data for the third quarter of 2026 is expected to continue the trend of cooling, and there is still potential for interest rate expectations to retract; U.S. inflation is expected to return to below 2% in the second quarter of 2027. Current traders are pricing in a continued moderate decline in the year-on-year growth rate of the U.S. CPI from August to October, with a bottoming out at 2.94% in October.