Recently, Bank of America's global chief economist Claudio Yrigoyen said in an exclusive interview with reporters on the sidelines of the Bund annual meeting that the bank still expects the Federal Reserve to raise interest rates continuously in October and December. Since June of this year, the bank has been predicting that the Federal Reserve will raise interest rates once in September, October, and December, respectively. Although the market has now basically ruled out the possibility of raising interest rates in October, Yrigoyen believes that the October meeting is still an opportunity for the Federal Reserve to strengthen its policy credibility. In his view, the problem facing the Federal Reserve is that inflation in the service sector is sticky, and rising energy prices may also be transmitted to core inflation through transportation costs, while the US economy is still relatively strong, and the labor market is also tight. If supply shocks continue to occur, it may be difficult for the Federal Reserve to simply view them as a temporary factor and choose to wait and see.

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