Odaily Planet Daily News: Janney Montgomery Scott Chief Fixed Income Strategist Guy Lebas said that the July CPI was roughly in line with expectations and did not pass on too much of the tariff impact to consumer prices, which is certainly enough to lock in the possibility of a rate cut in September. There is still some way to go before next month's meeting, but at least in terms of inflation data, the current situation is not worrying. As an independent and impartial economist, there are two ways to interpret this data: first, because the effects of tariffs have not yet fully appeared, inflation may rise in the future; second, companies are digesting the impact of tariffs, so it will not be passed on to consumer inflation. But in either case, it is enough for the Federal Reserve to have a reasonable basis for cutting interest rates in September, provided that the data next month does not show a significant acceleration. (Jinshi)