US inflation remains stubborn, traders continue to bet on July interest rate cut

According to a report by Golden Finance, data shows that in February, the Federal Reserve's preferred inflation indicator continued to rise at a stubborn pace, while the lower than expected monthly rate of personal spending indicated weaker than expected household demand, indicating that consumers have become more cautious amid growing concerns about their financial situation. After the data was released, stock index futures fell further, and the yield of treasury bond remained at a low level. Swap traders continue to anticipate two 25 basis point interest rate cuts this year, with the first expected in July. Today's report indicates that inflation is stubbornly persistent, and Trump's planned tariffs may further exacerbate price pressures. His aggressive trade policies have undermined the confidence of businesses and consumers, coupled with signs of increasing financial pressure on households, raising concerns that the economy may fall into stagflation or even recession.