"High inflation and weak employment do not prevent the pace of interest rate cuts. The Federal Reserve may cut interest rates by 25 basis points this week as a 'defensive' move."

According to the Wise Financial APP, although last week's inflation data remain high, the bad news from the job market is even scarier. As a result, the market is still convinced that the Federal Reserve will cut interest rates this week, and this expectation has not changed at all. According to data released by the U.S. government last Thursday, the Consumer Price Index (CPI) rose by 0.4% month-on-month in August, a significant increase from the 0.2% increase in July; at the same time, the number of initial jobless claims rose to 263,000 people, reaching a nearly four-year high, higher than the revised 236,000 people from the previous week. These two sets of data reflect the complex situation of slowing job market and continuous price increase, making the Federal Reserve face a difficult balance between the dual missions of "full employment" and "price stability".