July U.S. CPI data may become a key economic indicator

According to news from Hash World Chain, based on data from S&P Global, the CPI data for the U.S. in July will be a key economic indicator for the upcoming week. In the context of tariff policies potentially driving up inflation expectations, the market is closely monitoring this forthcoming report. Although tariff developments, including the higher tariffs starting August 7 and the recently proposed 100% chip tariff threat, seem to suggest inflation might rise, the overall consumer price increase in the U.S. for the second quarter remains below 3.0%. It's important to note that as a leading indicator for CPI trends, S&P Global's U.S. PMI data has already hinted that inflation may rise in the second half of 2025. Therefore, the upcoming CPI data will verify whether prices began to accelerate in July. This is crucial for the Federal Reserve's monetary policy, as while there are potential price volatilities, the Fed is currently taking a wait-and-see approach.