Golden Finance reported that Nick Timiraos, a well-known financial journalist known as the "New Fed News Agency", wrote that the August inflation data paved the way for the Fed to gradually cut interest rates next week, but a sharp 50 basis point rate cut is not expected. Firmer housing inflation led to a slightly higher-than-expected increase in core prices in August, which may make it more difficult for Fed officials to push for a larger 50 basis point rate cut at the Fed meeting next week. However, some officials did not completely rule out the possibility of a larger rate cut. At the same time, while the easing of inflation has provided a respite for burdened families, the labor market is also cooling, with hiring and wage growth slowing and the average time of unemployment rising as it becomes more difficult to find a job.