Grace Peters, head of investment strategy at JPMorgan Chase & Co Private Bank: (slowing inflation in the United States) this is the first time we have heard some good news in a long time, so the market is likely to continue this rally. We agree with the trend of inflation, but if we take a closer look at the CPI data, we will find that inflation is very wide-ranging and sticky, and it will only decline slowly from now on. That means the Fed is likely to slow the rate of rate hike from 75 basis points to 50 basis points.