Group 1 - The market is primarily focused on tariff disruptions and the pace of interest rate cuts in the US [1][2] - On August 12, President Trump signed an executive order to extend the 24% tariffs for another 90 days, which aligns with market expectations [1] - The "secondary tariffs" issue remains a short-term concern, as the Trump administration imposed a 25% tariff on Indian products due to India's purchase of Russian energy [1] Group 2 - The July US CPI data was lower than expected, with core CPI slightly exceeding expectations, leading to increased concerns about economic recession [2] - The decline in food and energy prices contributed to the overall weakness in CPI, while services, particularly summer travel, were significant contributors to CPI increases [2] - Despite concerns about tariffs causing long-term inflation pressure, the actual inflation growth rate is not as high as anticipated, with a forecasted year-end CPI of 3.2% [2]
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Sou Hu Cai Jing·2025-08-14 01:35