The inflation expectations for August released in the evening are all up, and the consumer confidence index is slightly below expectations, returning to the poor soft data state of a few months ago. This will affect market sentiment, as mentioned yesterday that the short-term will still be volatile.
The key point ahead should be next week’s global central bank annual meeting and Powell's speech, where he will discuss his views on the unexpectedly strong services data for July, the goods inflation falling short of expectations, and whether he can signal expectations for future interest rate trends.