BlockBeats news, on August 12, Alexandra Wilson-Elizondo, Global Co-Chief Information Officer of Goldman Sachs Multi-Asset Solutions, stated that the CPI data for July met expectations, with the core inflation rate increasing by 3.1% year-on-year. The Federal Reserve is supported by the data, believing that the impact of tariffs on price levels is mostly temporary. Tariffs have not yet driven significant price increases, as businesses offset cost pressures by reducing inventory and cautiously adjusting prices, due to consumers being sensitive to price changes. The Federal Reserve's policy is highly data-dependent, and with inflation under control and signs of labor market weakness increasingly evident in the revised employment data, future focus will shift more towards employment. Overall, this inflation report supports the expectation that the Federal Reserve may implement a 'precautionary' rate cut in September, which will become a key driver for the market. (Jin Shi)