PCE(个人消费支出)

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降息稳了?!美国,重大发布!美股高开,美元跳水
Sou Hu Cai Jing· 2025-08-12 13:56
Group 1 - The core viewpoint of the articles suggests that the U.S. Federal Reserve is likely to lower interest rates in September due to stable inflation data and poor employment figures [1][12] - The July Consumer Price Index (CPI) showed a year-on-year increase of 2.7%, matching the previous month's figure, while the core CPI rose by 3.1% year-on-year, slightly above expectations [6][12] - The market reacted positively to the CPI data, with U.S. stock futures rising and major indices opening higher [1][2] Group 2 - The CPI data indicates that housing costs were a significant driver of inflation, while energy prices fell by 1.1%, with gasoline prices decreasing by 2.2% [6][9] - Analysts believe that as long as inflation remains manageable, the Fed will have sufficient confidence to proceed with rate cuts [7][12] - The probability of a 0.25% rate cut in September has increased to 87%, up from 57% the previous month, according to the CME FedWatch Tool [12] Group 3 - Economic experts note that the impact of tariffs on inflation is still unfolding, with consumers having absorbed about one-third of the tariff burden so far [10] - Predictions indicate that core CPI and core PCE inflation rates could reach 3.3% by December 2025, but may drop to 2.5% if tariff effects are excluded [10] - The upcoming Producer Price Index report and the preferred inflation indicator, the July PCE, will be released soon, which may further clarify the Fed's stance on interest rates [12]