The Fed will get the last two key inflation data this week before the September meeting, which will decide on a rate cut.

The U.S. Department of Labor's Bureau of Labor Statistics will release the Consumer Price Index (CPI) for August on Wednesday and the Producer Price Index (PPI) for August the next day, a key measure of wholesale prices.

The market generally expects the Fed to cut interest rates in September, and the only undecided question is the extent of the cut.

The year-on-year growth rate of the CPI in August is expected to slow to 2.6%, lower than 2.9% in July; the month-on-month growth rate is expected to remain at 0.2%, the same as in July.

From a technical perspective, the market is still in a range. If it breaks through the current range, I tend to be bullish and expect it to hit the 6W mark.

It is recommended to consider long positions around 55700, and long positions can also be considered around 2290. The target is set at 58500 and 2420.

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