关税涨价仍未现！美国5月CPI同比2.4% 核心CPI环比0.1% 连续第四个月低于预期

Group 1 - The overall Consumer Price Index (CPI) increased by only 0.1% month-on-month in May, below the expected 0.2%, while the April increase was 0.2% [1] - Year-on-year CPI rose slightly by 2.4%, in line with expectations, compared to 2.3% in April [1] - Core CPI, excluding volatile food and energy prices, also rose by 0.1% month-on-month, below the expected 0.2%, and remained at 2.8% year-on-year, which is the lowest level since March 2021 [1] Group 2 - The price increases for services continued to slow down, while the price increases for goods remained moderate, indicating that the impact of tariffs has not yet been fully passed on to consumers [1] - Prices for new and used cars, as well as clothing, have decreased, suggesting that the cost pressures from tariffs have not significantly affected consumer prices yet [1] - Following the release of the CPI data, the dollar index fell approximately 20 points, and U.S. stock futures rose, with the Nasdaq 100 futures increasing by 0.4% [1] Group 3 - Traders expect a 75% chance of the Federal Reserve lowering interest rates before September, based on the series of lower-than-expected inflation data [1] - Economists anticipate that once tariffs are raised, it will become more challenging to protect consumers from cost increases, which may lead to larger price hikes by companies in the coming months [2]