U.S. short-term interest rate futures rose after the CPI data was released, as traders increased their expectations for a Federal Reserve rate cut. Traders continue to bet that the Fed will make its first rate cut in September and a second rate cut in October.

Although Trump has cut many of the tariffs he announced on April 2, economists warn that most of the impact of import tariffs has yet to be felt, and Fed officials expect price pressures to rise further.

Goldman Sachs economists explained that businesses' pre-emptive stockpiling before the tariffs take effect may moderately delay the pass-through of higher prices to consumers. In April, Trump's tariffs caused market volatility throughout the month. Retailers have been struggling to keep prices stable for their customers, but they warn that they will ultimately have to raise prices. #CPI数据来袭 #币安Alpha上新 #加密圆桌会议要点 #币圈