Group 1 - The April CPI data in the US showed a month-on-month increase of 0.2%, which was lower than the market expectation of 0.3%, indicating a slowdown in inflation pressure [1][3] - The year-on-year CPI increase for April was 2.3%, also below the expected and previous value of 2.4%, marking the smallest increase since February 2021 [1][3] - Core CPI, excluding food and energy, rose by 0.2% month-on-month and matched the market expectation of 2.8% year-on-year [1][3] Group 2 - The market response to the inflation data was cautious, with investors remaining wary of the economic outlook despite the favorable CPI figures [3] - The impact of tariffs on US inflation is becoming evident, suggesting that the current CPI increase may represent the low point for the year [3] - A survey by JPMorgan indicated an increase in short positions on US Treasury bonds, reaching the highest level since March 24, while long positions decreased [3]