Citic Securities: the Fed is expected to stop raising interest rates in June.

[Citic Securities: it is expected that the Federal Reserve will stop raising interest rates in June] the CITIC Securities Research report pointed out that the gradual transformation of the US job buyer-seller market is expected to slow wage growth, and the downward trend of core inflation is clear. At the same time, the top 50 banks are generally faced with the problem of deposit loss and the risk of unrealized losses eroding capital, and the US banking industry is still under pressure. Looking back at history, we will find that the Fed's cessation of raising interest rates is often the result of the balance between the economy and inflation, while both the current inflation and the economy have the conditions to stop raising interest rates, and the probability of stopping raising interest rates in June is expected to be high. if the US economy does not rebound in a more comprehensive manner, the probability of resuming interest rate hikes is lower.