According to Jinshi, Olu Sonola, head of US economic research at Fitch Ratings, commented on the US CPI report. He said that this is undoubtedly a good report and a pleasant "appetizer" while waiting for the "main course" later today. The core service industry data recorded 0.2%, the lowest value since September 2021. If this trend continues in the coming months, it will surely boost people's confidence. Although the door to a rate cut in July has actually been closed, the window for a rate cut later this year is still open.