TechFlow news, on August 12, according to Jinshi Data, Alexandra Wilson-Elizondo, Global Co-Chief Investment Officer of Goldman Sachs Multi-Asset Solutions, said the July CPI data met expectations, with core inflation rising 3.1% year-on-year. The Federal Reserve finds support in the data, believing that the impact of tariffs on price levels is mostly temporary. Tariffs have not driven significant price increases, as companies are offsetting cost pressures by reducing inventories and cautiously adjusting prices, due to consumers' high sensitivity to price changes. The Fed's policy remains highly data-dependent; with inflation under control and signs of softening labor market conditions becoming increasingly evident in revised employment data, future focus will shift more toward employment. Overall, this inflation report supports market expectations that the Fed may carry out a "insurance-style" rate cut in September, which will become a key driver for markets.
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