6.11 Thoughts
Interpretation of US May CPI data:
Interest rate cut expectations heat up, market follows the script
The latest published May CPI increased by 2.4% year-on-year, fully in line with market expectations, indicating that inflation remains within a controllable range. This data further reinforces expectations for the Federal Reserve to cut interest rates in the second half of the year:
No action likely in July, but the probability of a rate cut in September significantly increases
Brothers holding cash at the bottom should not let go, continue to hold long-term.
