According to Odaily, Orion Chief Investment Officer Rusty Vanneman stated that today's Consumer Price Index (CPI) report largely met expectations, with the overall CPI year-over-year slightly better than anticipated, dropping from the expected 3.0% to 2.9%. Last month, the overall CPI was also at 3.0%. Given this week's inflation data, including yesterday's Producer Price Index (PPI) data, and the fact that short-term inflation expectations based on market and survey data have fallen to multi-year lows, the likelihood of a Federal Reserve rate cut in September remains high.