According to Odaily, despite stronger-than-expected U.S. second-quarter GDP data potentially easing some economic concerns, analysts have pointed out that the core Personal Consumption Expenditures (PCE) price index, which came in higher than anticipated at 2.9%, could pose challenges for the Federal Reserve. Emma Wall from Hargreaves Lansdown noted in a report that while this figure is above the target, it is on a downward trend. Coupled with robust economic growth data, this reduces the pressure on the Federal Reserve to cut interest rates next week.

Wall further mentioned that they expect the Federal Reserve, the European Central Bank, and the Bank of England to implement rate cuts in September, marking a wave of rate reductions. For investors focusing on the U.S. stock market, Wall suggested that there are better value opportunities in small-cap stocks, despite the recent pullback in the so-called 'Magnificent Seven' stocks.