The US August CPI data is mixed, reinforcing expectations that the Federal Reserve will suspend interest rate hikes.Gold bears still hold technical advantages

The US August CPI data is mixed, reinforcing expectations that the Federal Reserve will suspend interest rate hikes.Gold bears still hold technical advantages

On Wednesday, there were slight fluctuations in US stocks, bonds, and the US dollar, with mixed inflation reports strengthening expectations that the Federal Reserve will suspend interest rate hikes, but this does not mean the end of the tightening cycle.

 According to data from the US Department of Labor, the core CPI excluding food and energy rose 0.3% month on month in August, slightly higher than the 0.2% increase expected by economists surveyed by Dow Jones. This number increased by 4.3% compared to the same period last year, in line with expectations.

The S&P 500 index has not changed much. The Dow Jones Industrial Average performed poorly. American Airlines lowered its profit forecast due to the rise in aviation fuel prices, causing its stock price to decline and performing the worst in the same industry. At the same time, the CEOs of the top ten largest companies in the United States attended a closed Senate meeting to formulate regulatory policies for artificial intelligence.