YuXin Bank: The market has already digested two interest rate cuts this year, and slowing inflation may not be so exciting
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After Federal Reserve Chairman Powell's speech triggered rate cut bets, investors are looking forward to US inflation data to find further clues about monetary policy. Analysts at YuXin Bank stated in a report that the inflation data to be released tonight at 8:30 may show a further slowdown in US inflation in June. Despite the slow pace of the slowdown, given that the market has already digested the two rate cuts in September and December, there is "almost nothing to be excited about."
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