According to Mars Finance, on August 25, the U.S. food industry is seeking tariff exemptions due to its heavy reliance on imports; otherwise, rising prices could exacerbate inflation. During this time, Trump significantly increased tariffs, highlighting the industry's vulnerabilities. The market is also focused on the Federal Reserve's September meeting, where Chairman Powell hinted that weak employment may justify a rate cut, and investors generally expect a 25 basis point reduction. Historical data shows that rate cuts after prolonged stagnation benefit the stock market, but the price pressures from tariffs could offset some of the easing effects. In the crypto market, ETH reached new highs driven by optimistic sentiment, with the liquidation heatmap showing strong support in the 4,600–4,650 range, while liquidity is concentrated in the 4,850–4,880 zone. Bitunix analysts suggest: The U.S. has entered a phase of policy tug-of-war between 'rate cut benefits' and 'tariff inflation.' If food prices continue to rise, the Federal Reserve's room for easing may be limited. Investors need to pay attention to changes in PCE and non-farm payroll data. Short-term sentiment is bullish, but in the medium term, caution is needed as the benefits of rate cuts could be offset by inflation. ETH should watch the support at 4,600–4,650 and the resistance at 4,850–5,000.

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