The Zhitong Finance App learned that data released by the US Department of Labor on Wednesday showed that the overall performance of the consumer price index (CPI) in July was moderate, and the core inflation rate fell back to a low of more than five years, which to a certain extent mitigated the urgency of the Federal Reserve raising interest rates at the September meeting. However, it is worth noting that wage data released during the same period showed that the actual purchasing power of workers continued to decline, compounded by the geographical conflict in the Middle East repeatedly driving up energy prices. The outlook for US inflation is still full of variables.

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