PANews reported on June 11 that according to Jinshi, after the release of CPI data, traders increased their bets on the Fed to start cutting interest rates in September, and basically expected two rate cuts this year. The market expects the Fed to cut interest rates by 77 basis points in the next year and 48 basis points in December. Previously, it was expected to cut interest rates by 67 basis points in the next year and 42 basis points in December.

The US CPI data for May released earlier were all lower than expected. Analyst Anstey said: The 0.1% increase in the US core CPI actually shows that inflation has slowed down from the previous month. This is a big surprise for economists, who believe that by May, the tariff increase will lead to greater price increases.