数据点评：美国8月核心环比通胀率略超预期，基本锁定9月25个基点降息

Economic Indicators - The core CPI inflation rate in the US for August rose to 0.28%, up from 0.17% in July, exceeding the market expectation of 0.2%[1] - Overall CPI growth increased by 0.04 percentage points to 0.19%, aligning with market expectations[1] - Year-on-year, the overall CPI decreased by 0.4 percentage points to 2.5%, while the core CPI remained unchanged at 3.2%[1] Housing and Services - Housing prices saw a month-on-month increase of 0.52%, the highest since February of this year[1] - The owner’s equivalent rent inflation rate rose to 0.50% in August, up from 0.36% in July, marking another peak since February[1] - The inflation rate for temporary lodging surged to 1.75% in August, up from 0.22% in July, driven by seasonal tourism[1] Employment Data - Non-farm payrolls added 142,000 jobs in August, a recovery from July but still below market expectations[2] - The unemployment rate slightly decreased by 0.1 percentage points to 4.2% in August, with temporary unemployment dropping from 1.062 million in July to 872,000[2] - The three-month moving average for new jobs fell to 116,000, the lowest since the second half of 2020[2] Federal Reserve Outlook - The report suggests a 25 basis point rate cut by the Federal Reserve in September, supported by the recent inflation and employment data[2] - The potential for a 50 basis point cut in future meetings remains if economic data indicates signs of recession[2] - The JOLT job openings to unemployment ratio fell to 1.07 in July, below the pre-pandemic average of 1.19, indicating a weakening labor market[2]