TechFlow news, May 13 — According to Jinshi Data, analysis firm Tradingkey stated that the market consensus forecasts overall CPI growth of 2.4% year-on-year in April, unchanged from March. However, among the four major components of CPI, only food shows an upward trend, accounting for just 13.7% of total CPI. Therefore, we believe inflation in April will be below market consensus. This could increase the likelihood of the Fed restarting its rate-cutting cycle in June. As such, we expect U.S. equities to rise after the data release, while the dollar index and U.S. Treasury yields will fall.
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