The Federal Reserve sends a clear signal of interest rate cuts, with economic data this week expected to support policy adjustments

The Federal Reserve hints at an upcoming rate cut, with the market focusing on the upcoming July PCE inflation index and personal spending data. These data are expected to show the resilience of the U.S. economy and potential inflationary pressures. Economists predict that the U.S. core PCE inflation index will rise by 0.2% for the second consecutive month, while personal spending will increase by 0.5% on a month-on-month basis. Federal Reserve Chairman Powell mentioned inflation improvement in the previous meeting and indicated that the time for policy adjustments has come. There are several important economic data releases scheduled for the upcoming week