! ! ! Negative data! ! !

The 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 since November 2023. The year-on-year growth rate of the core PCE index in May fell by 2.6%. The Federal Reserve may cut interest rates by 25 points in September to 61%. If this continues for the next two months, the Federal Reserve may have the confidence to cut interest rates again in September. Daly, chairman of the U.S. Federal Reserve Bank of San Francisco, said that today's personal consumption expenditure data is good news. Inflation data shows that it is cooling down.

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