Core Insights - The recent inflation data has been described as a "timely rain" that alleviates market anxiety and supports the prevailing expectation of moderate inflation [1][2] - The current issues in the job market explain the Federal Reserve's commitment to its existing policy path [1][2] - Market expectations for two additional interest rate cuts this year have risen to 88%, which has led to a nearly 0.7% increase in S&P 500 futures [1][2] - Overall, this data has injected new momentum into the market's upward trend, although a significant deviation from expectations could trigger sell-offs [1][2]