The U.S. August #PPI year-on-year rate is only 2.6%, which is significantly lower than the market expectation of 3.3%.

This basically confirms that #美联储 will cut interest rates next week. Although some people are still shouting for a 50 basis point cut, or even exaggerating by saying "a direct cut of 300 basis points in September"

😂

from the data and reality, it is simply impossible.

However, this data has also caused some trouble. #特朗普 immediately jumped out to shout that the Federal Reserve must cut rates sharply, while the U.S. Attorney General's Office directly took action against the Bureau of Labor Statistics, starting an investigation into PPI and CPI data.

After all, there have long been suspicions in the market about the accuracy of the Bureau's data, and this time the officials have shown some concern, which somewhat indicates a problem. It’s important to know that the Bureau of Labor Statistics is not an independent institution like the Federal Reserve; their data also needs to be reported to Trump’s side, so whether this data is reliable or not is really hard to say.