Institution: Expected CPI to be lower than expected, prompting the Federal Reserve to restart interest rate cuts in June

According to a report by Golden Finance, analysis firm Tradingkey stated that the market unanimously predicts that the overall CPI will increase by 2.4% year-on-year in April, unchanged from March. However, among the four main components of CPI, only food shows an upward trend, but it only accounts for 13.7% of the total CPI. So we believe that inflation in April will be lower than market consensus. This may increase the possibility of the Federal Reserve restarting its interest rate cut cycle in June. Therefore, we expect the US stock market to rise after the data is released, while the US dollar index and US treasury bond bond yield will fall.