According to BlockBeats, the Federal Reserve will announce its interest rate decision next Thursday, and Fed Chairman Powell will also hold a monetary policy press conference. On Friday, the United States will also release the latest non-farm payroll data, which may be the focus of whether the Federal Reserve can cut interest rates as expected in September. The Fed's recent speeches show that it is increasingly confident in achieving its inflation target. However, for the Federal Reserve and Powell, who have made a mistake once, they may prefer to retain their options rather than choose "early commitment."
The U.S. Department of Commerce's Bureau of Economic Analysis reported that the U.S. PCE price index rose only slightly by 0.1% month-on-month in June and rose 2.5% year-on-year. The core PCE price index, which excludes volatile food and energy prices, rose by 0.2% month-on-month, slightly higher than the market forecast of 0.1%. Rubeela Farooqi, chief U.S. economist at High Frequency Economics, believes that "from the Fed's perspective, we believe that the data shows enough progress, and inflation and labor market conditions are sufficient for policymakers to open the door to a September rate cut at the FOMC meeting next week."
