Oh no, prices are still rising over there in the U.S.! The economic expert, Old Wei, from Columbia (what a tongue-twisting name) said that inflation is still higher than the Federal Reserve's target of 2%, and it might even spike again.

This guy analyzes things very clearly: the Federal Reserve is currently in "wait and see" mode, definitely holding off until the price data for July and August comes out before making a decision at the meeting on September 17. Why wait? Because they need to see how much those tariffs imposed by Trump have actually increased prices—imported goods in supermarkets are incredibly expensive now, and the public is complaining!

The funniest part is that while Old Wei says inflation might shoot up to 3%, he also predicts that the Federal Reserve will have to cut interest rates before the end of the year. Isn't that contradictory? Actually, he said it’s to fulfill the Federal Reserve's dual mandate of "stabilizing prices while ensuring employment." If you ask me, it’s just like trying to lose weight, saying "I won’t eat tonight" while ordering barbecue at midnight—policies can be quite tricky!

In my opinion, these economists sound just like fortune tellers; they talk about rising and falling prices, and no matter what, they can always make it fit. We common folks just need to remember one thing: recently, dollar investments might still fluctuate, and overseas purchasing is likely to get more expensive, so holding onto our wallets is definitely the way to go!