The US CPI data for July was basically in line with expectations, paving the way for a rate cut in September. However, it should also be noted that the decline in rental inflation has begun to stop, and rental costs have a greater impact on US inflation. Therefore, after the data came out, the market expected a 25 basis point rate cut in September, rather than the previous 50 basis points. If a 25 basis point rate cut has limited impact on market liquidity, it will take November or even more months of rate cuts to attract more funds to the currency circle, break through the current range of fluctuations, and truly start the cottage season.

At the same time, pay close attention to the first application data tomorrow night for the rest of this week. The market volatility may increase before and after the data is released, so everyone should pay attention to the risks. #美国CPI数据连续第4个月回落 #美国通胀数据 #山寨季何时到来？