Overall CPI MoM -0.1% (expected+0.1%) Overall CPI year-on-year+2.4% (expected+2.6%) Core CPI month on month+0.1% (expected+0.3%) Core CPI+2.8% YoY (expected+3%) Energy prices fell by 2.4% Gasoline prices have dropped by 6.3% New car prices increase by 0.1% Food+0.4%, Housing+0.3%, Owner's equivalent rent+0.4% Overall, inflation is still good, but as the impact of tariffs may not have been reflected yet, its guiding significance for the Fed's future actions is not very strong. Everyone was attracted by Trump, and the Federal Reserve found itself led by the nose. Not only was Trump asked to cut interest rates every day, but he was also asked to apply for the right to dismiss the chairman. He was also forced to cut interest rates in June because of the recession. Now the inflation data that the Federal Reserve focuses on has been ignored by the market.