In June, the US CPI increased 3.5% year on year, lower than the forecast of 3.8%, compared with the previous value of 4.2%. The core CPI rose 2.6% year on year, compared to the previous value of 2.9%; the month-on-month increase was 0%, which fell significantly short of the expected 0.2%. In response, Huafu Securities said that traditional consumption is weak, real estate demand continues to be sluggish, and the superimposed AI industry chain has low weight in CPI statistics, and the overall momentum is limited. The US core CPI data is likely to maintain a moderate downward trend in the future. The core PCE index anchored by the Federal Reserve's policy has continued to rise in recent months. The current reading is still significantly above the 2% inflation target. Inflation stickiness has not completely subsided, making it difficult for the Fed's policy to quickly shift to easing.

In June, the US CPI increased 3.5% year on year, lower than the forecast of 3.8%, compared with the previous value of 4.2%. The core CPI rose 2.6% year on year, compared to the previous value of 2.9%; the month-on-month increase was 0%, which fell significantly short of the expected 0.2%. In response, Huafu Securities said that traditional consumption is weak, real estate demand continues to be sluggish, and the superimposed AI industry chain has low weight in CPI statistics, and the overall momentum is limited. The US core CPI data is likely to maintain a moderate downward trend in the future. The core PCE index anchored by the Federal Reserve's policy has continued to rise in recent months. The current reading is still significantly above the 2% inflation target. Inflation stickiness has not completely subsided, making it difficult for the Fed's policy to quickly shift to easing.