Mars Finance reports that on December 22nd, Federal Reserve Governor Milan stated that last week's inflation data showed some anomalies due to the government shutdown. The shutdown distorted the housing inflation index to some extent, resulting in a significant upward bias in the full-year CPI. Recent data should push people towards a dovish stance. If we do not adjust policy, we will face an increasing risk of recession. We believe that policy rates will eventually be lowered. (Jinshi)
Federal Reserve Governor Milan: Recent inflation data has been significantly biased upwards due to the government shutdown; recent data should move in a dovish direction.
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