The U.S. will release crucial inflation data, including the core PCE price index for July, at 20:30 UTC+8, followed by the final August Michigan Consumer Sentiment Index at 22:00. Forecasts predict a 0.3% increase in the core PCE price index from last month, bringing the year-on-year inflation rate to 2.9%, its highest point since February. This continued upward trend may limit the Federal Reserve’s ability to implement further interest rate cuts later this year. Analysts anticipate that if August’s CPI data shows a substantial increase in inflation, it could prompt the Fed to reconsider their current stance on rate cuts during the meeting scheduled for September 16-17.