According to Jinshi, forecasters expect the monthly U.S. CPI report to show that the core inflation rate is expected to hit the smallest two-month increase since last summer, which will strengthen the prospect of the Federal Reserve cutting interest rates in September. According to the median forecast of the agency survey, today's data may show that a key price indicator excluding food and energy rose 0.2% in June, maintaining this increase for the second consecutive month. The broader CPI index is expected to rise by 0.1%, a smaller increase, partly due to lower natural gas prices. If this is the result, it will help consolidate financial market expectations that the Federal Reserve will begin to cut interest rates at its September policy meeting, which is the first step to end its most aggressive tightening since the early 1980s.