From now until the Federal Reserve's interest rate decision in September, the key data that will determine whether to cut interest rates mainly falls into three categories: one is inflation-related data, including CPI, PPI, and PCE price index, especially core PCE, which is the inflation measure that the Federal Reserve pays the most attention to.

The second is employment market data, such as the non-farm payroll report and the number of jobless claims, which reflect economic resilience and employment trends. The third is macroeconomic activity and consumption signals, including leading indicators such as retail sales and ISM manufacturing and services PMI.

These data will be released sequentially from the end of August to mid-September, and after the release of these data, the Federal Reserve will hold its latest round of interest rate meetings from September 16 to 17, 2025, at which time it will announce its interest rate decisions. $BTC