Ira: CPI data exceeded expectations, increasing the possibility of interest rate cuts in October and December

ChainCatcher news, according to Jinshi reports, analyst Ira stated that the U.S. core data met expectations, but the CPI data exceeded the overall data, which locks in the plan for a 25 basis point rate cut next week, and does not rule out the possibility of further rate cuts in October and December. For the long end of the yield curve, today's data may slightly push up short-term inflation breakeven.