Data showed that the annual growth rate of the PCE price index in July was 2.5%, slightly lower than market expectations; the monthly growth rate was 0.2%, in line with market expectations.

As inflationary pressures slow down, the market expects the Fed to increase the likelihood of a rate cut in September.

U.S. June PCE data showed signs of economic moderation, pulling up market expectations for a Fed rate cut.

In the market, traders are concerned about weak gasoline consumption during the peak summer driving season in the United States.

It is worth noting that the timing of the two officials' speeches is also "just right": one hour before the opening of U.S. stocks, one hour after the opening of U.S. stocks, are active trading in global markets.

According to two price reports that exceeded expectations this week, the inflation indicator favored by the Federal Reserve, PCE, is expected to achieve its smallest increase since November last year. The index will be released later this month.

The pace of inflation may be slowly weakening in April's PCE report, which could pave the way for the Federal Reserve to cut interest rates at the end of the year.

The latest price index report shows that the U.S. personal consumption expenditure (PCE) price index rose in January as expected, but inflationary pressures remain.。

The latest PCE inflation data shows that the road to progress in the fight against high inflation is bumpy。