整理：美国6月CPI报告五大看点一览

Group 1 - Overall inflation met expectations with a seasonally adjusted CPI month-on-month increase of 0.3%, marking the largest single-month rise since January. This led to an unadjusted CPI year-on-year rate of 2.7%, up from 2.4% in May, driven by rising food and energy prices [1] - Core inflation was below expectations, with a seasonally adjusted core CPI month-on-month increase of 0.2%, remaining below the median forecast for the fifth consecutive month. The year-on-year core CPI rose by 2.9%, slightly up from 2.8% in the previous three months, meeting expectations [1] - Key components of core inflation were suppressed due to declines in new and used car prices, as well as decreases in airfare and accommodation costs. Housing prices showed relative moderation, with a monthly increase of 0.2%. The impact of tariff increases was evident in several categories, with furniture prices rising by 1%, the largest increase since January 2022; video and audio product prices up by 1.1%, the largest since February last year; and toy prices increasing by 1.8%, the largest since April 2021 [1] - Rate cut pricing remained unchanged, as higher tariff rates are expected to take effect from August. Economists indicated that the June inflation report is unlikely to prompt the Federal Reserve to cut rates earlier. Futures markets still suggest a significant possibility of the Fed restarting rate cuts in September [1] Group 2 - Following the report's release, the U.S. two-year Treasury yield retraced slight gains, gold experienced volatility, and the three major U.S. stock indices opened mixed [2]