According to ChainCatcher, TD Securities expects the core PCE to accelerate to 0.3% month-on-month in July. Affected by weak food and energy inflation, the overall PCE month-on-month may fall to 0.22%, with year-on-year estimates of 2.9% and 2.6%. The transmission effect of tariffs on commodity prices is mild, but the service sector is rising rapidly. Core retail sales are strong, and personal spending is expected to grow by 0.5%.