The anti-inflation trend continues, paving the way for interest rate cuts later this year

According to Jinshi reports, State Street's Head of Macro Strategy Michael Metcalfe commented on the U.S. CPI data, stating that the anti-inflation trend continues, further confirming our view that we have passed the peak of inflation concerns. This paints a picture of a continuously improving inflation outlook, paving the way for interest rate cuts later this year.