Reported yesterday, U.S. CPI in August rose 2.9%yoy as expected. Initial jobless claims rose to 263,000. U.S. inflation was still manageable, while U.S. labor market weakened, so Fed monetary easingis expected. Fed is expected to cut the interest rate by 0.25% at the meeting next week (Sep 17). Three rate cuts are expected in 2025. As a result of tariffs, the global economy has fluctuated with higher risk of deceleration. Fed is expected to use easing monetary policies and slow down QT to inject money into the economic system.