Institutions: Although Trump has announced a series of policies, the macroeconomic outlook in the United States remains stable.

On February 14th, Jinshi Data reported that Steven Bell, an analyst at Columbia Threadneedle Investments, said in a podcast that a series of crazy policy statements by US President Trump will definitely disrupt the situation, but the macro outlook is quite stable. The chief economist said, “The economy is rising to the level of ‘Golden-haired girl’ - strong enough to keep the economy away from recession, but not enough to push up inflation.” The US CPI data released this week exceeded market expectations, triggering dumping of US treasuries. However, Bell said the bigger picture is that US inflation will moderate to the Federal Reserve’s 2% target.