CITIC Securities pointed out that the US CPI for May was generally in line with expectations. High oil prices continued to drive up the overall inflation rate, while core inflation showed moderate performance. CITIC Securities believes that the risk of second US inflation is low. The overall CPI may have reached this high point year on year. In the future, it will generally slowly decline until September, then rebound slightly, and then fall rapidly until March next year. It is expected that the Federal Reserve will keep the target interest rate unchanged throughout this year, and there is room for a downward revision of interest rate hikes in derivatives market pricing. The main focus of next week's Federal Reserve interest rate meeting is New Chairman Walsh's statement on the current inflation situation and interest rate levels. US bonds are currently more suitable for seizing transactional rather than allocation-type opportunities. Short-term bonds are better than long-term bonds. The US dollar index is supported, and the price of gold may need to wait for easing expectations to restart before getting out of trouble.

CITIC Securities pointed out that the US CPI for May was generally in line with expectations. High oil prices continued to drive up the overall inflation rate, while core inflation showed moderate performance. CITIC Securities believes that the risk of second US inflation is low. The overall CPI may have reached this high point year on year. In the future, it will generally slowly decline until September, then rebound slightly, and then fall rapidly until March next year. It is expected that the Federal Reserve will keep the target interest rate unchanged throughout this year, and there is room for a downward revision of interest rate hikes in derivatives market pricing. The main focus of next week's Federal Reserve interest rate meeting is New Chairman Walsh's statement on the current inflation situation and interest rate levels. US bonds are currently more suitable for seizing transactional rather than allocation-type opportunities. Short-term bonds are better than long-term bonds. The US dollar index is supported, and the price of gold may need to wait for easing expectations to restart before getting out of trouble.