After the inflation report was released in the United States, 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 stating, "The CPI data just came out, and it's a great number! The Federal Reserve should lower interest rates by a full percentage point." Trump believes that if the Federal Reserve can lower interest rates, it will significantly reduce the interest payments the U.S. government has to make on its soon-to-mature 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 has now become clearer: the Federal Reserve's refusal to lower interest rates is a dereliction of duty in monetary policy." The U.S. Consumer Price Index (CPI) for May rose by 2.8% year-on-year after excluding food and energy costs, remaining at the lowest level since March 2021 and below the market expectation of 2.9%. Even though the latest report was better than market expectations, both year-on-year increases still exceed 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 a week later, and the market currently expects little chance of a rate cut at that meeting. The next rate cut may have to wait until September.