The CPI of 10,663,424,640 is about to be announced, will interest rate cuts lead to a surge? Can the CPI 'ignite' the market? 68,550,229,328

24,260,130,184

The U.S. May CPI report to be released next Wednesday will test the market's optimistic sentiment towards rate cuts, as it may show a stagnation in the recent decline of inflation. According to the Cleveland Fed's Nowcast model, the overall CPI for May is expected to increase by 2.4% year-on-year, up from last month's 2.3%; core CPI is expected to increase by 2.8% year-on-year, unchanged from last month. Analysts expect that the annualized inflation rate for core goods will peak early this fall (4%-5%), slightly lower and delayed compared to predictions before the May 8 'equal tariff' suspension.

Monday 22:00, U.S. April wholesale sales month-on-month;

Monday 23:00, U.S. May New York Fed 1-year inflation expectations;

Wednesday 20:30, U.S. May CPI data;

Wednesday 22:30, U.S. EIA crude oil inventories, Cushing crude oil inventories, strategic petroleum reserve inventories for the week ending June 6;

Thursday 20:30, U.S. initial jobless claims for the week ending June 7, U.S. May PPI;

Friday 22:00, U.S. June one-year inflation rate preliminary value, U.S. June University of Michigan consumer confidence index preliminary value.