U.S. CPI rose 3% year-on-year in June, below market expectations
U.S. CPI rose 3% year-on-year in June, below market expectations of 3.1%. At the same time June CPI fell 0.1% YoY, deviating from the market's expected 0.1% growth, the year's interest rate cut is expected to rise sharply, the market is skeptical about the prospects for economic recovery as well as demand pull.
On the domestic side, the supply side, although the overall TC costs are low, but there are signs of stabilization, coupled with the previous refinery overhaul into the end, the market has resumed production expectations. Overall, overseas interest rate cuts are expected to be stronger, the market risk appetite, while copper demand remains weak, copper prices are expected to be low shock, pay attention to the domestic policy changes in the fundamentals of the weak reality.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Crypto Fear & Greed Index Falls to 29 Today, in State of Fear
Bitcoin Has Been at a Premium in South Korea Since October 30, 2023
Top 10 TON Token Economy Market Capitalization Evaporates $5.13 Billion in Nearly 70 Days