BlockBeats news, August 12, Janney Montgomery Scott's chief fixed income strategist Guy Lebas stated that the CPI for July was roughly in line with expectations, with not too much of the tariff impact being passed on to consumer prices, which certainly is enough to lock in the possibility of a rate cut in September. There is still some time until next month's meeting, but at least in terms of inflation data, the current situation is not concerning. As an independent and impartial economist, this data can be interpreted in two ways: first, due to the tariff effects not yet fully manifesting, future inflation may rise; second, corporations are digesting the tariff impacts, so it won't be passed on to consumer inflation. But in either case, this is enough for the Federal Reserve to have a rationale for a rate cut in September, provided that next month's data does not show a significant acceleration. (Golden Ten)