The US March CPI annual rate hit a nearly six-month low, will the Fed cut interest rates in June?

· The unadjusted U.S. CPI annual rate for March was 2.4%, hitting a six-month low and falling below market expectations of 2.6%. This news is bearish for the U.S. dollar and U.S. stocks. · Boston Fed President Collins: There may still be room for interest rate cuts this year, and tariffs could push core inflation "well above" 3% this year. This news is negative for the dollar and U.S. stocks. · Mainland China's CPI fell 0.1% year-on-year in March; PPI fell 2.5% year-on-year in March. This news is negative for the RMB.