On September 11, according to Jinshi Data, institutional analysts said that the overall CPI monthly rate was slightly higher than expected. After the data was released, the yields of the US Treasury market fell slightly across the board, indicating that the market believed that the data had not gotten worse, which was a relief. Federal Reserve Chairman Powell has been focusing on the annual rate for some time. The core CPI annual rate in August was 3.1%, which was the same as in July and in line with expectations, which also shows that the inflation situation has not worsened. The overall CPI annual rate rose to 2.9%, slightly higher than 2.7% in July. The report showed that housing rose by 0.4% in August, the largest monthly increase of all items. Food prices are also rising, with the food index rising 0.5% this month, the home food index rising 0.6%, and the away-from-home food index rising 0.3%. This report, which basically met expectations, paved the way for the Federal Reserve to cut interest rates next week, and the market has almost fully digested expectations for three interest rate cuts by the end of the year. [Techflow TechFlow]