Before the Federal Reserve's interest rate meeting in September, three key categories of data will have a significant impact on its decision whether to cut rates:

- Inflation-related data: including CPI, PPI, and PCE price index, with core PCE being the core indicator the Federal Reserve uses to measure inflation, which is particularly critical.

- Labor market data: such as non-farm payroll reports and unemployment claims, these data can directly reflect economic resilience and trends in the job market.

- Macroeconomic activity and consumption signals: leading indicators like retail sales data and ISM manufacturing and services PMI can reflect economic activity and consumption conditions.

The above data will be released sequentially from the end of August to mid-September. Subsequently, the Federal Reserve will hold its latest interest rate meeting from September 16 to 17, 2025, and announce the results of its interest rate decisions.