Analyst: On the surface, CPI data is favorable for the Fed

Odaily News Market analyst Chris Anstey stated that following the release of the CPI data, the yield on the US 2-year Treasury note declined, but the drop was not significant, only about 3 basis points. This does not mean the data will prompt the Fed to cut interest rates, but on the surface, this change is indeed a favorable signal for the Fed. (Jin10)