Expectations of interest rate hikes slow down again Shanghai aluminum slightly corrected

News side: 1.
The inflation outlook has become more uncertain
.
The Fed may provide real-time forward guidance and QE policy when necessary, and the Fed has "huge space"
for real-time stimulus if necessary.
The FOMC expects to raise interest rates
gradually over the next few years.
U.
S.
economic data so far in 2016 "appears slightly mixed.
"
Raising interest rates in particular requires caution
.
The global situation poses a persistent risk to
the U.
S.
economy.
Full employment may result in an unemployment rate below 4.
8%.

There is "necessary uncertainty" about the future path of the Fed's interest rate.

Some inflation expectations are
worryingly low.
It is too early
to conclude that core inflation will continue to pick up.
The possibility of an overall downturn in the global situation is limited
.
More uncertainty lies in whether China's economy can smoothly transform.

Caution on rate hikes is "especially guaranteed"
.

2.
San Francisco Fed President Williams: The Fed implemented a moderate interest rate hike in December last year, and the pace of the future will be gradual and deliberate, as reiterated
repeatedly.
We do not see a potential crisis in global economic growth; The U.
S
.
economy is driven by domestic demand and is not necessarily greatly influenced by other countries.
Recent inflation trends are quite encouraging; US inflation will pick up towards 2% in the next 2 years; U.
S.
GDP growth is expected to be above
2% in 2016.
The United States has achieved or is close to full employment
.
It will take at least 6 years
for the Fed's balance sheet to return to normal.
China's economic downturn does not mean a "hard landing"
.

Today's aluminum price analysis: Overnight, Federal Reserve Chair Yellen spoke significantly dovish, interest rate hike expectations slowed down again, and even negative interest rate expectations, while mentioning concerns about China's economy, triggering market expectations for further monetary easing
in China.
The dollar retreated, and base metals recovered slightly after an overall dive
.
Shanghai aluminum hit around 11900 for several days, and the short-term correction
was slight.
Today's aluminum prices are expected to fall, for reference
only.