ChainCatcher news, according to Jin Shi reports, TD Securities stated when looking ahead to the U.S. PCE inflation report that it expects the core PCE month-on-month to accelerate to 0.3% in July. Due to weak food and energy inflation, the overall PCE month-on-month may decline to 0.22%, with year-on-year expected to be 2.9% and 2.6% respectively. The transmission effect of tariffs on commodity prices in July is relatively mild, but there has been a rapid increase in the service industry. Considering the strong performance of core retail sales, personal spending is expected to grow by 0.5%.