美国8月CPI：通胀符合预期，静待降息

Group 1: CPI Overview - The US CPI for August increased by 2.9% year-on-year and 0.4% month-on-month, aligning with expectations[1] - Core CPI rose by 3.1% year-on-year and 0.3% month-on-month, meeting forecasts[1] - The overall CPI growth rate is consistent with expectations, indicating a moderate transmission of tariffs on inflation[1] Group 2: Food and Energy Impact - Food prices increased by 0.5% month-on-month, with significant rises in tomatoes (4.5%), eggs (3.9%), coffee (3.6%), and apples (3.5%)[2] - Energy prices rose by 0.7% month-on-month, reversing a previous decline of -1.1%, driven by geopolitical tensions and increased summer travel demand[2] - Brent crude oil prices slightly decreased to $67.49 per barrel, indicating a stable outlook for oil prices despite recent fluctuations[2] Group 3: Market Reactions and Future Outlook - Following the CPI release, market expectations for rate cuts in September and October increased, with a projected 25 basis points reduction[1] - The upcoming FOMC meeting will focus on the potential for further rate cuts and the impact of employment data on inflation trends[3] - Concerns about long-term inflation risks remain, despite short-term pressures being manageable[3]