China Fund News Taylor
brothers and sisters, super good news is coming!
US inflation has cooled across the board
The latest global inflation data in the US has just been released!
data shows that the U.S. CPI in June increased by 3% year-on-year, and was expected to increase by 3.1%, and the previous value was an increase of 3.3%; the CPI in June fell by 0.1% month-on-month, and was expected to increase by 0.1%, and the previous value was 0%.
The core cpi of the United States in June increased by 3.3% year-on-year, falling back to the lowest level since April 2021. It is estimated to have increased by 3.4%, and the previous value was an increase of 3.4%; the core cpi of the United States in June increased by 0.1% month-on-month, which was the same as in August 2021. It is the lowest level since then, and is expected to rise by 0.2%, compared with the previous value of 0.2%.
htmlThe seasonally adjusted monthly cpi rate in June was -0.1%, the first negative value since May 2020.
Pepperstone Group senior research strategist Michael Brown said that the CPI data further proves that the Federal Reserve may cut interest rates in September.
U.S. inflation eased even more than economists expected in June, further continuing the recent trend of slowing price increases. There are strong signs that the economy has cooled, not enough to trigger serious fears of a recession, but enough to prompt a change of tone among Fed officials, who are increasingly talking about the risks of a slowdown even as inflation remains above 2%. Target. Recent data on household consumption, construction spending and services sector activity were all below economists' expectations. That lowered expectations for economic growth in the three months to June. Gregory Faranello, head of U.S. rates trading and strategy at
amerivet Securities, said the U.S. economy has slowed and inflation is also declining. This is a good situation for the Fed, and we expect more friendly employment and inflation data in the coming months, which will lead to the Fed starting to cut interest rates, albeit slowly and cautiously. After the
cpi data was released, traders predicted that there was a 25% chance that the Federal Reserve would cut interest rates for the third time by 25 basis points this year.
U.S. inflation generally cooled in June, further boosting the confidence of Federal Reserve officials, who are expected to cut interest rates soon. CPI fell by 0.1% month-on-month in June, the first decline since the outbreak. The data are further evidence that inflation has resumed its downward trend and economic activity appears to be slowing. The data should lead the Federal Reserve to cut interest rates later this year.
The global market fluctuated violently.
After the news came out, the global market fluctuated violently.
The U.S. dollar index plunged sharply.
The RMB exchange rate jumped nearly 300 points.
The US dollar fell back below 159 against the yen, reaching a low of 158.31.
The three major U.S. stock indexes once rose in a straight line, and then plunged.
Gold and silver prices have risen sharply!
