Analysis: U.S. consumer inflation may rebound in August, but not enough to prevent the Fed from cutting interest rates next week

According to BlockBeats, on September 11, economists generally believe that U.S. consumer inflation may rebound in August, rising gasoline prices and import tariffs push up prices of some commodities, but the expected growth rate is not enough to prevent the market's highly anticipated Federal Reserve from cutting interest rates next week. The BLS report on Wednesday showed that producer prices (PPI) unexpectedly cooled down due to compressed trade services profit margins and moderate rise in commodity costs, but economists do not expect CPI data to reproduce the trend. Although a rate cut in September is almost a foregone conclusion, the future rate cut is far from a foregone conclusion. "If inflation data continues to exceed expectations, the Fed's focus may quickly turn back to controlling price increases," said Stephen Kates, a financial analyst at Bankrate. (Jin Shi)