In fact, the result of CPI is better than expected, both broad CPI and core CPI are dropping, but as mentioned earlier, the current inflation does not include tariffs. Of course, if the Russia-Ukraine war stops, it will have a dropping effect on inflation, so relatively speaking, the inflation data for May and June will be more useful.

The overall drop in inflation is still good for sentiment, and the market has directly provided feedback. In addition, the wage data is also four, although it does not quite fit the Fed's view, but the expectation of economic recession can drop. However, the key is to look at the wage report of non-farm data.

#特朗普关税影响分析