According to Odaily Planet Daily, the PCE inflation indicator favored by the Federal Reserve will not be released until the end of the month. Unless there are unforeseen macroeconomic changes, it is almost certain that the Federal Reserve will significantly cut borrowing costs at its September meeting.

However, the specific content of policymakers' next move remains difficult to predict, and this uncertainty suggests that there may be more volatility in the future. The CME Fed Watch tool shows that the market has not yet decided whether the Fed will cut interest rates by 25 or 50 basis points next month, and traders are slightly inclined to a more cautious rate cut.

If the Fed takes more aggressive action, it could boost the appeal of the retail and consumer sectors. But if officials are more cautious about cutting rates, investors may think now is a good time to buy the seven major tech giants in the U.S. stocks. The situation will continue to change with the upcoming release of initial claims and retail sales data. The Fed may also use the opportunity of the Jackson Hole meeting next week to hint at the direction of interest rates.