According to Odaily Planet Daily, Alexandra Wilson-Elizondo, Global Co-CIO of Multi-Asset Solutions at Goldman Sachs, said that the CPI data for July was in line with expectations, with core inflation increasing by 3.1% year-on-year. The Federal Reserve has drawn support from the data and believes that the impact of tariffs on price levels is mostly temporary. Tariffs have not yet driven significant price increases as companies offset cost pressures by reducing inventories and adjusting prices cautiously because consumers are sensitive to price changes. The Federal Reserve's policy is highly data-dependent, and with inflation under control and signs of labor market weakness becoming increasingly apparent in revised employment data, the focus in the future will be more on employment. Overall, this inflation report supports expectations that the Federal Reserve may make an "insurance" interest rate cut in September, which will become a key driver of the market. (Jinshi)