Quick Review of the U.S. August CPI Data

In August, the core consumer prices in the United States rose as expected, and the Federal Reserve is still likely to cut interest rates next week. The report shows that inflationary pressures persist. The global tariff policy of the Trump administration has affected the prices of certain goods, while the continuous rise in service costs may pose a more lasting pressure on overall inflation. Nevertheless, due to the recent string of weak employment data, the market generally expects the Federal Reserve to cut interest rates for the first time this year at next week's meeting. However, if inflation remains strong, the room for further rate cuts in the future may be limited