Positive data, but the market is not buying! The US CPI in March increased by 2.4% year-on-year, significantly falling from the 2.8% level last month and hitting a six-month low, lower than the market estimate of 2.6%; In March, the CPI unexpectedly decreased by 0.1% month on month, significantly lower than market estimates. The latest signal of cooling inflation in the United States has strengthened expectations of a rate cut by the Federal Reserve, and the market is now almost fully pricing a June rate cut. Wall Street traders are betting that the Federal Reserve will cut interest rates five times this year. Personal opinion: CPI data has reached 2.4, which is obviously good. The market does not pay for it, but falls. The big shock still depends on Trump. Everything else is nonsense. Don't look at the K-line in the future. Look at Trump's eyebrows, mouth, eyes and nose. After all, there are too many moths every day.