Concerns over tariffs eased, and U.S. inflation expectations fell to a three-month low.

ChainCatcher News: According to Golden Ten, Joanne Hsu, director of consumer surveys at the University of Michigan, said that the one-year inflation rate in the United States is expected to fall to 5.1% this month from 6.6% last month. Long-term inflation expectations fell for the second month in a row, falling to 4.1% from 4.2% in May. Both indices are at their lowest levels in three months. Consumer concerns about the potential impact of tariffs on future inflation eased in June. Still, inflation expectations remain above the second half of 2024, reflecting the widespread belief that trade policy may still lead to higher inflation in the year ahead.