After the release of the inflation report 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, saying, "The CPI data has just come out, it's a great number! The Federal Reserve should cut interest rates by a full percentage point." Trump believes that if the Federal Reserve could lower interest rates, it would 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 echoed on social media: "The President has been saying this for a while, but now it’s 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 increased by 2.8% year-on-year after excluding food and energy costs, remaining at the lowest level since March 2021 and also below the market expectation of 2.9%. Even though the latest report is 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) is set 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.