According to the U.S. Consumer Price Index (CPI) released yesterday, the year-on-year inflation rate in May was 3.3%, down from 3.4% in the previous month. Month-on-month data showed that the CPI was flat with the previous month and did not grow.

In his subsequent speech, Federal Reserve Chairman Jerome Powell also emphasized the Fed's commitment to controlling inflation. Although inflation has eased, he said that the possibility of further interest rate hikes cannot be ruled out at present. He pointed out that the Fed will continue to pay close attention to economic data to determine the future path of monetary policy. Powell also mentioned that although high interest rates have put pressure on some households and businesses, they are necessary measures to ensure long-term economic stability and sustainable growth.

There is no good news in the short term, so it is better to go short at a low multiple. #美国5月CPI超预期回落