The CPI data tonight is better than expected, and the annual rate of the broad CPI has actually decreased slightly. In fact, I think there is a bit of exaggeration here, after all, due to the competition for tariffs, the monthly rate of CPI has increased a lot, and the core CPI data is the same. There is nothing more to say. It has been emphasized multiple times before that the current inflation data does not include complete tariffs, only a small portion of China's tariffs are included. The tariff data released in June is also the same. For the Federal Reserve, these are not crucial, the key is the inflation data after the implementation of tariffs. In addition, income data needs to be closely monitored. Income has been significantly declining, from 0.6% last month to -0.1% this month. This is not a good signal, indicating that the pressure of life has begun to increase, while consumption is still increasing. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex