After the inflation report was released in the U.S., Trump and Vance called on the Federal Reserve to lower interest rates as soon as possible on social media.

On June 11, Trump posted on social media, "The CPI data just came out, and it's a great number! The Federal Reserve should cut rates by a full percentage point."

Trump believes that if the Federal Reserve can cut rates, it will significantly reduce the interest payments the U.S. government has to make on maturing debt.

At the same time, U.S. Vice President Vance also echoed on social media: "The President has been saying this for some time, but it is now clearer: the Federal Reserve's refusal to cut rates is a dereliction of duty in monetary policy."

The U.S. Consumer Price Index (CPI) for May rose 2.8% year-on-year after excluding food and energy costs, remaining at its lowest level since March 2021, and also below the market expectation of 2.9%.

Even though the latest report was better than market expectations, both year-on-year increases are still above the Federal Reserve's 2% inflation target. The Federal Reserve may be more inclined to "stay put" to observe the impact of tariffs on prices.

The Federal Open Market Committee (FOMC) of the Federal Reserve is scheduled to announce its interest rate decision in a week, and the market currently expects little chance of a rate cut at that meeting. The next rate cut may have to wait until September.