Binance, this news is incorrect; it will re-summarize history. The labor market has become significantly relaxed, and the probability of an interest rate cut in September has decreased.

According to a report by Jin Shi Data, market analyst Matt Grossman stated that the inflation indicator favored by the Federal Reserve failed to approach the 2% target level in July, highlighting the policy challenges faced by the Federal Reserve as it prepares for a possible interest rate cut in September. Data from the U.S. Bureau of Economic Analysis shows that the annual rate of the PCE price index in the U.S. rose by 2.6% in July, the same increase as the previous month. The core PCE price index rose by 2.9% year-on-year in July, up from 2.8% in June. This reading has been widely anticipated, as economists can use other official data released earlier in the month to very accurately predict PCE inflation.