PANews reported on May 13 that the analysis agency Tradingkey said that the market consensus forecast was that the overall CPI in April would increase by 2.4% year-on-year, the same as in March. However, among the four major components of CPI, only food showed an upward momentum, but it only accounted for 13.7% of the total CPI. So we believe that inflation in April will be lower than the market consensus. This may increase the possibility that the Federal Reserve will restart the interest rate cut cycle in June. Therefore, we expect the US stock market to rise after the data is released, while the US dollar index and US Treasury yields will fall.