The Federal Reserve is expected to cut interest rates next week, and the PPI in August increased by 2.6% year-on-year

ChainCatcher news, according to Jinshi reports, the August PPI increased by 2.6% year-on-year, lower than the 3.1% increase in July, easing market concerns about inflationary pressures. Traders are betting that the Federal Reserve may initiate a series of rate cuts at next week's meeting, with the first cut expected to be 25 basis points, and continuing to cut by the same amount before the end of the year.