U.S. inflation trends have once again become the focus of the market. According to the economic calendar, the U.S. Department of Commerce will release the highly anticipated June Core Personal Consumption Expenditures (PCE) Price Index tonight at 8:30 PM (Eastern Time). This indicator is regarded as the Fed's preferred measure of inflation and has significant implications for monetary policy formulation.

The recently released annualized quarterly core PCE price index for the second quarter exceeded market expectations, raising concerns about a possible resurgence of inflation. Analysts point out that if the June core PCE data comes in lower than expected, it could strengthen market expectations for a rate cut by the Fed in September. Conversely, data that is higher than expected could dampen this hope and potentially lead to volatility in the financial markets.

Investors and economists will closely monitor this data to assess inflation trends and the health of the U.S. economy. After the data is released, market reactions may be swift, affecting stock prices, bond yields, and the dollar exchange rate.

It is worth noting that the Fed indicated in its recent monetary policy statement that it will continue to closely follow inflation data to determine the future path of interest rates. Therefore, tonight's core PCE data will undoubtedly become an important reference for decision-makers and market participants.

As the global economy faces numerous uncertainties, the evolution of inflation trends in the United States will continue to affect the nerves of global financial markets. Investors should remain vigilant and closely follow data releases and the potential market reactions they may bring.