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- 12:54US July Consumption and Inflation Both Rise, Weak Employment Data May Prompt Fed Rate CutAccording to ChainCatcher, citing Golden Ten Data, U.S. consumer spending showed robust growth in July, and core PCE heated up as import tariffs drove up the prices of some goods. However, a softening labor market may not prevent the Federal Reserve from cutting interest rates next month. Although a low layoff rate supports wage growth, Trump's tariff policy on imported goods has increased business costs, making employers reluctant to hire more staff. Government reports show that in the three months ending in July, the average monthly increase in employment was 35,000, far below the 123,000 during the same period in 2024.
- 12:41After the release of U.S. economic data, traders still expect the Federal Reserve to cut interest rates in SeptemberChainCatcher news, according to Golden Ten Data, after the release of US economic data, short-term interest rate futures narrowed their earlier losses; traders still expect the Federal Reserve to cut interest rates in September.
- 12:39The Federal Reserve says it will not defend itself at the Cook hearing.Jinse Finance reported that, according to market news released by Bloomberg analyst Walter Bloomberg, the Federal Reserve stated it will not defend itself at the Cook hearing and reiterated that it will comply with any court ruling.