US CPI data exceeds expectations, interest rate cut plans locked

According to Jinshi Data, analyst Ira said that the core data of the United States meets expectations, but the CPI data exceeds the overall data. This locks in the plan to cut interest rates by 25 basis points next week, and does not rule out the possibility of further interest rate cuts in October and December. For the long end of the yield curve, today's data could push up short-term inflation breakeven slightly.