Traders hope that this week's CPI data will support the Federal Reserve in starting to cut interest rates at its next meeting in September.
The market's attention is all focused on the US consumer price index (CPI) report this week, and traders hope this will provide the Federal Reserve with the necessary ammunition to begin cutting interest rates at its next meeting in September. Considering that Powell may soon outline his interest rate cut plan at the Jackson Hole economic symposium, traders question whether the market's performance when he speaks will be higher than after the inflation data is released. Powell's message later this month may help investors predict how many rate cuts will occur over the next year, as he hinted at the end of July that policymakers may lower borrowing costs at the September meeting. (Jinshi)
