After the announcement of CPI, the possibility of further interest rate cuts in October and December will not be ruled out.

Odaily Planet Daily Analyst Ira said the U.S. core data meets expectations, but CPI data exceeds the overall data, locking in plans to cut interest rates by 25 basis points next week and not rule out further interest rate cuts in October and December. For the long end of the yield curve, today's data could push up short-term inflation breakeven slightly. According to CME's "Federal Observation": After the CPI was announced, the probability of the Fed cutting interest rates by 25 basis points in September was 90.9%, and the probability of cutting interest rates by 50 basis points was 9.1% (the data before the CPI was released was 8%). The probability of the Fed's cumulative interest rate cut of 25 basis points in October is 7.3%, the probability of a cumulative interest rate cut of 50 basis points is 84.3%, and the probability of a cumulative interest rate cut of 75 basis points is 8.4%.