The anti-inflation trend continues, paving the way for interest rate cuts later this year.

According to ChainCatcher, citing Jinse Finance, Michael Metcalfe, Head of Macro Strategy at State Street, commented on the US CPI data, stating that the disinflation trend is still ongoing, which further confirms our view that the peak of inflation concerns has passed. This paints a picture of a continuously improving inflation outlook, paving the way for interest rate cuts later this year.