TechFlow News: On Wednesday, June 10, U.S. inflation data released broadly met expectations, further reinforcing the view that the Federal Reserve will hold interest rates steady at 3.50%–3.75% at its June meeting—though a 25-basis-point rate hike by year-end is still anticipated. The data showed that the Consumer Price Index (CPI) rose 4.2% year-on-year in May, while core CPI increased 2.9% year-on-year—both in line with expectations. According to the CME FedWatch Tool, prior to the CPI release, markets assigned a 98% probability to the Fed holding rates unchanged at the June meeting. (Jinshi)
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