Concerns about inflation in the US are rising amid the impact of tariffs and economic pressures. According to PANews, recent data on personal consumption expenditures (PCE) in the US for July indicates an increase in service prices, which may heighten concerns about inflation. This is occurring against the backdrop of tariff measures by US President Donald Trump continuing to affect various economic sectors. While American consumers remain enthusiastic about spending, the sustainability of this growth is uncertain due to rising prices and a weakening labor market. Following the release of data, US stock futures and Treasury bond yields trimmed their losses, while the dollar remained strong. Traders are still anticipating a rate cut by the Federal Reserve in September. Federal Reserve Chairman Jerome Powell, speaking at the annual meeting in Jackson Hole, cautiously suggested the possibility of a rate cut next month, citing increasing risks to the labor market. He noted that the impact of tariffs on prices is now evident. However, policymakers will receive additional reports on inflation and the labor market ahead of the meeting.