纽约联储调查：通胀预期缓解，就业保障提高。根据纽约联邦储备银行最新的消费者预期调查，美国消费者在6月份变得更加乐观，通胀预期有所缓和，对工作保障的看法有所改善。

NY Fed survey: Inflation expectations ease, job security rises.US consumers grew more optimistic in June, with inflation expectations moderating and perceptions of job security improving, according to the latest New York Fed Survey of Consumer Expectations.

美国财政部表示将增加国库券发行。他们说，他们不希望发行现金管理账单。由于债务上限的提高，他们将在7月底前将现金余额增加到5000亿。

U.S. Treasury says it is to increase T-bill issuance.They say that they do not expect to issue cash management bills. As a result of the debt ceiling increase, they will to increase cash balances to 500 billion by the end of July.

周二，随着交易员继续关注最新的贸易动态，美国股市在小幅上涨和下跌之间波动。投资者在延长的谈判时间表中找到了一些缓解，因为新的关税要到8月1日才会生效，从而有更多的时间达成协议。然而，特朗普总统表示不会批准延期。特朗普政府已宣布对14个尚未与美国达成贸易协议的国家调整关税税率，其中包括对日本征收25%的关税。报道还显示，美国已向欧盟提出一项协议，将保留10%的基准关税。公用事业板块表现最为落后，而能源板块则表现出色。在企业方面，特斯拉股价上涨近2.5%，在周一下跌6.8%后反弹。其他大型应用程序喜忧参半，英伟达（+0.6%）的预订量有所增长，而微软（-0.4%）、苹果（0.5%）、亚马逊（-1.3%）、Meta（-0.2%）、博通（-0.1%）和Alphabet（-0.8%）的交易量均出现亏损。

Stocks in the US swung between small gains and losses on Tuesday as traders continue to follow the latest trade developments. Investors found some relief in the extended timeline for negotiations, as the new tariffs are not set to take effect until August 1st, allowing more time to reach agreements. However, President Trump said that no extensions will be granted. The Trump administration had announced revised tariff rates on 14 countries that have yet to reach trade agreements with the US, including a 25% levy on Japan. Reports also indicated that the US has proposed a deal to the EU that would retain a 10% baseline tariff. The utilities sector was the biggest laggard while energy outperformed. On the corporate front, Tesla shares rose nearly 2.5%, rebounding after a 6.8% decline on Monday. Other megacaps were mixed, with Nvidia (+0.6%) booking gains while Microsoft (-0.4%), Apple (0.5%), Amazon (-1.3%), Meta (-0.2%), Broadcom (-0.1%), and Alphabet (-0.8%) traded in the red.

美国消费者对未来一年的通胀预期从5月份的3.2%降至2025年6月的3%，为五个月来的最低水平。未来一年，天然气（上涨1.5个百分点至4.2%）、医疗费用（上涨1.9个百分点至9.3%，为2023年6月以来的最高水平）、大学教育费用（上涨1.6个百分点至9.1%）和租金（上涨0.7个百分点至9.1%）的商品价格预期均有所上升。未来一年食品价格预期变化的中位数保持不变，为5.5%。此外，房价增长预期中值保持不变，为3.0%。与此同时，三年期和五年期的通胀预期分别保持不变，分别为3.0%和2.6%。

US consumer inflation expectations for the year ahead declined to 3% in June 2025, from 3.2% in May, the lowest in five months. Year-ahead commodity price expectations increased for gas (by 1.5 percentage points to 4.2%), for the cost of medical care (by 1.9 percentage points to 9.3%, the highest level since June 2023), for the cost of college education (by 1.6 percentage points to 9.1%), and for rent (by 0.7 percentage point to 9.1%). Median year-ahead expected change in food prices remained unchanged at 5.5%. Also, median home price growth expectations remained unchanged at 3.0%. Meanwhile, inflation expectations for the three-year and five-year horizons were unchanged at 3.0% and 2.6%, respectively.