A-share evening hotspots | US CPI returns to "4" as expected! The Fed's short-term rate hike expectations cool

Evening Heavyweight News Overview 1. CPI Returns to "4-Digit" in Line with Expectations! Expectations for Short-Term Rate Hike by the Fed Cool Down, Interpretation is Here Importance: On June 10th, data released by the U.S. Department of Labor showed that driven by the rise in energy prices, the U.S. Consumer Price Index (CPI) rose by 4.2% year-on-year in May, reaching a new high since May 2023. Excluding food and energy prices, the U.S. core CPI rose by 2.9% year-on-year in May. Short-term interest rate futures indicate that the market is reducing bets on a rate hike by the Fed. In the long term, analysts believe that the far better-than-expected non-farm payroll data last Friday has diminished expectations for a rate cut in the market. The CME Group's "Fed Watch Tool" shows that the probability of a 25 basis point rate hike by the Fed within the year has risen to about 43%, and there is also the possibility of a cumulative 50 basis point rate increase within the year. 2. Major Breakthrough! Trump to Order Strikes on Iranian Power Plants and Bridges, Oil Prices Soar Importance: On June 10th, U.S. President Trump posted on social media, saying, "Iran has taken too long to negotiate a deal that would be very advantageous to them, now they must pay a price!" In addition, according to Xinhua News Agency citing Fox News Channel, President Trump said he is about to order new strikes on Iran's power plants and bridges. As a result, WTI crude oil rose by over 2%. 3. NDRC: Fully Implementing "AI+" Action to Combat "Roll-In" Competition Importance: On June 10th, NDRC Director Zheng Zhaoge chaired an expert symposium on the economic situation, focusing on analyzing the current economic situation, expanding domestic demand, promoting high-level technological self-reliance and industrial chain autonomy, and ensuring stable employment, enterprises, markets, and expectations. Zheng Zhaoge stated that the NDRC will make good use of macro policies, play an integrated role in existing policies and new policies, strengthen the planning and construction of water networks, new power grids, computing networks, next-generation communication networks, urban underground pipeline networks, logistics networks, etc., promote the combination of investment in goods and investment in people, implement the policy of exchanging old goods for new goods, accelerate the construction of a modern industrial system, and fully implement the "AI+" action, as well as continue to strengthen reform and innovation, and comprehensively carry out the construction of a national unified large market... (Unfortunately, the text exceeds the character limit. Thank you!)