Clocktower Chief Strategist Kevin Wang: The macro focus in 2026 is on inflation, beware of the risk of a shift in monetary policy expectations

On December 19th, at the "Alpha Summit" co-hosted by Wall Street Watch and China Europe International Business School, Clocktower Chief Strategist Kevin Wang stated that the core contradiction of global macroeconomics in 2026 lies in the trend of inflation. Currently, the inflation level in the United States remains significantly above the policy target, and pressures persist, while the market has priced in multiple rate cuts. He warned that investors should prepare for the possibility that the Federal Reserve may cut rates fewer times than currently expected next year. He emphasized that if inflation rises further to above 3.5% next year, there is a possibility that the Federal Reserve may shift to raising interest rates