The signal of the Fed's interest rate cut is emerging. On the evening of August 14, Beijing time, the U.S. Bureau of Labor Statistics released the CPI data for July, showing a year-on-year increase of 2.9%, the first return to the "2-digit" since March 2021, slightly lower than expected; the core CPI rose by 3.2% year-on-year, the lowest growth rate since the beginning of 2021, in line with expectations. U.S. President Biden said that although some progress has been made on inflation, prices are still too high and large companies still need to work hard to reduce prices. Wall Street Journal reporter Nick Timiraos pointed out that the July CPI data paved the way for the Fed to cut interest rates at the next meeting. According to CME's "Fed Watch", the market expects a 25 basis point rate cut in September with a probability of 56.5% and a 50 basis point rate cut with a probability of 43.5%. BNB 000789 But Wall Street analysts believe that the Fed may not cut interest rates aggressively by 50 basis points. After the opening of the U.S. stock market, the three major indexes showed different trends. As of 23:00 Beijing time on August 14, the Dow Jones Industrial Average rose 0.15%, the Nasdaq fell 0.2%, and the S&P 500 fell 0.03%.