[Institution: CPI Data Likely Did Not Alter the Fed's Policy Direction for the Next Meeting] Jin10 News, June 10 – Riley Financial's Chief Market Strategist ART HOGAN stated that the latest CPI report is akin to a 'Tale of Two Cities.' Although the data aligns closely with expectations, the overall trend remains somewhat negative. This has not changed the Federal Reserve's policy direction for the next meeting. However, the general consensus is that the Fed will maintain a steady approach, and federal funds rate futures are currently pricing in only one rate hike. In summary, after significant profit-taking pressure in chip stocks and the broader tech sector, these factors are likely the reasons helping the market recover some ground during this morning's session.