Odaily Planet Daily News MainSky Asset Management analyst Eckhard Schulte said that the slow progress of US inflation may mean that the Federal Reserve will not cut interest rates until the fall, or not at all this year. "This is not our core assumption, but in the end it will not establish a new 'market static'," Schulte said. U.S. inflation data in January was higher than expected, prompting a knee-jerk reaction in the U.S. Treasury market and rising yields. Schulte said this would only happen if the Federal Reserve talked about possible rate hikes. "But as long as the inflation situation does not deteriorate significantly in the coming months, this will not happen." (Jinshi)