Late-night news! Gold hits another all-time high!

In the evening, all three major U.S. stock indexes fell.

Gold hits another all-time high

Spot gold stood at $2,620/ounce, hitting another all-time high, up more than 1.3% on the day.

The Federal Reserve made a heavy statement

With the Fed's rate cut settled, the next important data will be August personal consumption expenditure inflation.

Bank of America analysts said in a report that inflation data next week may take a back seat after the Fed showed that it is more concerned about the weak U.S. job market. Following the mild CPI and PPI data earlier this month, August personal consumption expenditure inflation will be released next Friday. Bank of America expects a monthly growth rate of 0.1%, down from 0.2% in July. Weekly unemployment claims will be released on Thursday. Bank of America economists said: "We still believe that the combination of a dovish Fed and a resilient economy will lead to a steeper yield curve, including a steeper break-even curve."

Federal Reserve Governor Waller said that inflation data prompted me to support a 50 basis point rate cut. Personal consumption expenditures (PCE) are expected to be very low in August. The core personal consumption expenditures index is running below our target.

When asked about future risks, Waller said that inflation is lower than he thought, I am more worried about this than in July, and some companies told me that they don’t have much pricing power now. Wage inflation is falling, and inflation may be lower than we expected. #币安上线CATI #美联储宣布降息50个基点 #加密市场反弹 #DODO助力Meme发行 #CATI价格预测 $ETH $BTC