CoinVoice has recently learned that, according to a report by Jinshi, a research report from CITIC Securities indicates that after the release of the U.S. July CPI on August 12, there was a style switch in the U.S. stock market, with the market recalling the 'rate cut trade' following the release of the CPI in June 2024. However, the U.S. July PPI released on August 14 significantly exceeded expectations, which impacted the 'rate cut trade.' If Powell adopts a dovish stance at next Friday's Jackson Hole Global Central Banking Conference and officially announces a rate cut in September, the main line of the 'rate cut trade' in the U.S. stock market may be clearly defined again. [Original link]