PANews reported on March 11 that according to Jinshi, Steven Englander, global head of G10 foreign exchange research and North American macro strategy at Standard Chartered Bank, said that despite the slowdown in economic growth, market concerns about a US recession may be over-amplified. Although high interest rates and government spending issues continue to cause concerns, he believes that economic data does not fully support the most pessimistic scenario. Englander pointed out. Falling energy prices and improved weather conditions in the coming months may boost consumer spending, which in turn supports economic growth. Englander expects the Federal Reserve to cut interest rates twice this year, in the second and third quarters respectively. However, as fiscal policy continues to support government spending, the possibility of further interest rate cuts is low. In contrast, given the stability of inflation and wage growth, the Bank of Japan may raise interest rates twice, which will make the yen outperform other major currencies.

The recent wave of tariffs imposed by the United States may push up inflation, but the impact is controllable. Englander believes that although tariffs may lead to price increases, their overall impact will still be within controllable range. He also predicts that the US government will use fiscal policy to support economic growth, which may push the dollar to strengthen in the second half of the year.