After the CPI was announced, the possibility of further interest rate cuts in October and December is not ruled out.

Analyst Ira said that although the core U.S. data meets expectations, CPI data exceeds the overall data, consolidating plans to cut interest rates by 25 basis points next week. There is still a possibility of further rate cuts in October and December. For the long end of the yield curve, today's data could push up the short-term inflation breakeven point slightly. "After the release of the CPI data, the probability of a 25 basis point cut in September was 90.9%, and the probability of a 50 basis point cut was 9.1% (8% before the release of the CPI data). The probability of a cumulative rate cut of 25 basis points in October was 7.3%, the probability of a 50 basis point cut was 84.3%, and the probability of a 75 basis point cut was 8.4%.