The US June CPI data will be released at 20:30 Beijing time on Thursday. Market forecasts generally believe that overall US CPI inflation will continue to decline in June due to falling energy and used car prices.
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US CPI inflation has fallen sharply from the peak of 9.1% reached in 2022. However, the Fed said it still needs to be more confident that inflation can sustainably move towards 2% before starting to cut interest rates. After the good news from the May CPI report, market observers expect the latest report to further boost the Fed's confidence.
