According to BlockBeats, the important macroeconomic data release points next week are as follows: Monday, U.S. April wholesale sales month-on-month, U.S. May New York Fed 1-year inflation expectations; Wednesday, U.S. May CPI data; Thursday, U.S. initial jobless claims for the week ending June 7, U.S. May PPI; Friday, U.S. June 1-year inflation rate forecast preliminary value, U.S. June University of Michigan consumer confidence index preliminary value.
The U.S. May CPI report to be released next Wednesday will test the market's optimism about interest rate cuts, as it may show a stagnation in the recent trend of declining inflation. According to the Cleveland Fed's Nowcast model, the overall CPI for May is expected to grow by 2.4% year-on-year, higher than last month's 2.3%; core CPI is expected to grow by 2.8% year-on-year, unchanged from last month. Analysts expect the annualized inflation rate of core goods to peak in the early fall (4%-5%), slightly lower and delayed compared to the forecast before the suspension of the 'equivalent tariffs' on May 8.