Yesterday, the U.S. released April PPI and retail data

PPI actual 2.4% lower than expected 2.5% and previous value 2.7%

Retail only increased by 0.1%, far below expectations

The reason is that Trump's tariff policy has not been implemented

People are worried about rising prices of imported goods and are stocking up in advance

Money has run out, so consumer power is insufficient now, causing merchants to be reluctant to raise prices, leading to a decrease in PPI

This may mean that U.S. inflation is unresolved, and there are signs of deflation, creating a contradictory economic situation

Trump wants to cool down the economy to pressure the Federal Reserve to cut interest rates, but Powell remains unmoved

As for what to do next with the U.S. economy, it is still unclear

We need to continuously monitor changes in various economic data and policy adjustments #美国加密立法 #CPI数据来袭