BlockBeats News, July 14th, the U.S. Department of Labor will release the U.S. CPI data for June tonight at 20:30 Beijing time. The data includes June's non-seasonally adjusted CPI YoY (prior 4.20%, expected 3.80%), seasonally adjusted CPI MoM (prior 0.5%, expected -0.1%), as well as June's seasonally adjusted Core CPI MoM and non-seasonally adjusted Core CPI MoM, which may trigger market volatility.

Fed Governor Waller stated that if future data shows that the inflation rate remains well above the 2% target, the Fed may need to raise rates "in the near term." He described the current monetary policy as being at a "crossroads." This direction will be determined by new information such as the CPI report to be released on Tuesday. If the data trend shows unfavorable changes, the Fed is currently in a phase where it should not "slack off."

"Fed Whisperer" Nick Timiraos stated that economists expect last month's decline in energy prices to drag down June's overall CPI. However, for the Fed, core indicators are more important at the moment. Core CPI is expected to be close to May's 0.21% (MoM); afterward, the market's attention will shift to PPI and the implications of PPI trends on PCE.

Investinglive analyst Eamonn Sheridan stated that the U.S. June Consumer Price Index is expected to decrease by 0.2% month-over-month, marking the first decline since the pandemic, entirely driven by a 15% drop in gasoline prices from mid-May to the end of June. The annualized inflation rate is expected to ease from 4.2% in May to 3.8%. Core CPI is projected to rise by 0.2% month-over-month, with the annual core inflation rate expected to slightly decrease from May's 2.9% to 2.8%.