Tonight, the United States' August CPI data will face a major test as the bond market bets on the possibility of the Federal Reserve significantly lowering interest rates or other unexpected changes.

Wisdom financial APP learned that tonight, the US August CPI data will be released, and bond traders are preparing for this, which may weaken their bets on a series of substantial interest rate cuts by the Federal Reserve starting this month and continuing until 2026. Weak employment data and moderate producer price data have led traders to believe that the Fed's decision to cut rates by 25 basis points at the meeting on September 16-17 is a foregone conclusion, and there may be two more rate cuts by the end of the year. However, market views on the balance of economic risks have changed, with the current market positioning tending to believe that officials will ultimately reduce rates below what is considered a neutral level to stimulate economic growth and avoid recession.