23,772,784,352, the market consensus predicts that the overall CPI in April will increase by 2.4% year-on-year, unchanged from March. However, among the four main components of CPI, only food shows an upward trend, but it only accounts for 13.7% of the total CPI. Therefore, we believe that inflation in April will be lower than the market consensus. This may increase the likelihood of the Federal Reserve restarting the interest rate cut cycle in June. Thus, we expect the US stock market to rise after the data is released, while the US dollar index and US Treasury yields will fall. 5315579891362666027990