According to online reports, according to foreign media analysis and reports, the June CPI report will significantly affect the market's expectations for the Federal Reserve's next policy. Currently, the market expects that the Federal Reserve is more likely to cut interest rates in October. If the data is higher than expected, even if it is much higher than expected, the Fed will wait until October to cut interest rates. However, if the data is milder than expected, the Fed expects to keep interest rates unchanged in July and cut interest rates in September. In short, in terms of monetary policy, the June CPI report will make it clear who is right, Trump or Powell. (Jin Shi)