The latest economic data sets the tone for the Fed's September meeting. The August inflation report and weekly unemployment claims data will be released on September 12, providing important references for the upcoming Fed monetary policy meeting. The data shows that tariff policies have driven up inflation levels, while signs of weakness are appearing in the labor market.

Economists have provided their interpretations and predictions regarding this. Tiffany Wilding believes that the Fed is likely to announce a 25 basis point rate cut at the September meeting, and may even consider a 50 basis point move. She maintains her previous expectation of a total rate cut of 75 basis points for the year and points out that the core CPI inflation rate could rise to around 3.3% by the end of 2025.

Another expert, Dalip Singh, holds a more long-term view. He expects that the US inflation rate will remain above 3% until 2026. Regarding monetary policy, Singh believes that the Fed may adopt a gradual rate reduction strategy, cutting rates by 25 basis points each time, until it brings rates down to a neutral level of 3.0% to 3.5% by next year.

These predictions reflect experts' cautious attitudes towards the outlook of the American economy. Despite rising expectations for interest rate cuts, inflation remains the focus of attention for policymakers and analysts. In the coming years, the Fed will face the challenge of finding a balance between controlling inflation and maintaining economic growth.