Prepared a red envelope for the brothers $BTC 🧧
#CPI数据来袭
The US June CPI report is here, with several key points:
1. Overall inflation meets expectations: The US June seasonally adjusted CPI monthly rate recorded 0.3%, meeting expectations and marking the largest single-month increase since January. This brought the year-on-year unadjusted CPI for June to 2.7%, an acceleration from 2.4% in May. Rising food and energy prices are among the reasons for the accelerated increase.
2. Core inflation below expectations: Excluding food and energy, the US June seasonally adjusted core CPI monthly rate rounded up to an increase of 0.2%, remaining below the median expectation for the fifth consecutive month. The year-on-year core CPI rose by 2.9%, meeting expectations, slightly higher than the 2.8% increase of the previous three months.
3. Overview of major components: Core inflation is restrained due to falling prices of new and used cars, as well as decreases in airfare and accommodation costs. Compared to high inflation years, housing prices are also quite moderate, with housing-related prices rising 0.2% in a single month. The impact of tariff increases is evident across various categories: household furniture prices rose by 1%, the largest increase since January 2022; prices for video and audio products increased by 1.1%, the largest rise since February of last year; toy prices rose by 1.8% in a single month, the largest increase since April 2021.
4. Interest rate cut pricing unchanged: As higher tariff rates may take effect starting in August, economists suggest that the June inflation report is unlikely to prompt the Federal Reserve to cut rates early. Futures still indicate a high possibility of the Federal Reserve restarting rate cuts in September.
So do you think there will be a rate cut in September?
