#CPI is lower than expected, and the market rebounds

The annual rate of US unadjusted CPI in May was 3.3%, lower than the market expectation of 3.4%, and fell to a 3-month low.

After the data was released, the US dollar index fell sharply, and the big cake led the cottage to rise rapidly! Interest rate futures now suggest that the probability of the Federal Reserve cutting interest rates before September is about 70%.

Continue to pay attention to the interest rate decision and Powell's speech at 2:00 am!