ChainCatcher news, according to Jinshi reports, Huachuang Securities released a research report stating that the U.S. CPI in May once again slightly fell short of expectations. The CPI year-on-year rose from 2.3% to 2.4%, below Bloomberg's expectation of 2.5%; the core CPI year-on-year remained at 2.8%, below Bloomberg's expectation of 2.9%. The CPI month-on-month was 0.1%, below the expected and previous value of 0.2%; the core CPI month-on-month was 0.1%, below the expected 0.3% and the previous value of 0.2%.Unless Trump continues to suspend or cancel reciprocal tariffs due to negotiations this year, the upward risk of inflation remains a concern. The next two to three months are an important observation window for the Federal Reserve regarding inflation, and before that, it is highly likely to remain on hold (the CPI situation from June to August can be seen before the September FOMC meeting).