! ! ! Negative data! ! !

Data released by the U.S. Department of Commerce yesterday showed that the month-on-month growth rate of the U.S. CPE price index in May fell from 0.3% in April to 0%, the lowest level since November 2023. At the same time, the year-on-year growth rate of the core PCE index in May also fell to 2.6%. These data have led the market to expect a 61% chance that the Federal Reserve will cut interest rates by 25 basis points in September. If this trend continues in the next two months, the Federal Reserve may have the confidence to cut interest rates again in September. Daly, president of the San Francisco Federal Reserve, said that the personal consumption expenditure data released today is good news, showing that inflation is gradually cooling down.