Daily Youxian (MF.N) opened up more than 20%, and closed down 27% yesterday.

Ian Lyngen, head of U.S. interest rate strategy at Bank of Montreal Capital Markets: The Fed will not raise interest rates next month. Overall, there is nothing in this CPI report that supports the Fed raising interest rates next month - a hike may be skipped in September.

Paul Ashworth, Chief North American Economist at Capital Economics: Calculated that if you exclude housing costs, then in fact "the Fed has reached its inflation target."

David Kelley, chief global strategist at JPMorgan Asset Management: I personally think that both the overall US inflation rate and core CPI inflation are expected to return to the 2% level "later" next year.

According to the Wall Street Journal: Amazon (AMZN.O) shut down 27 of its 30 apparel brands.

According to the Wall Street Journal: Amazon (AMZN.O) cuts dozens of private labels.

[U.S. initial jobless claims rise, but not enough to cause concern] The number of Americans filing for unemployment benefits surged last week, but not enough to raise concerns about the continued strength of the U.S. job market. The U.S. Department of Labor announced on Thursday that as of August 5, the number of Americans filing new claims for unemployment benefits increased by 21,000 to 248,000, up from 227,000 in the previous week. It was the highest number of initial claims in five weeks. Still, the job market remains very strong. Aside from a series of layoffs in the tech sector earlier this year, most companies are keeping workers on. Economists say companies are likely to keep them as long as possible, even with a weaker economy, given the difficulty in recruiting workers over the past two years. Overall, continuing claims for state unemployment benefits totaled 1.684 million for the week ended July 29, down about 8,000 from the previous week.

Institutions comment on US CPI data: US CPI rose 0.2% month-on-month in July, the same as in June, in line with expectations. That may help convince the Fed to keep rates on hold in September. All in all, modest price pressures and a less hawkish Fed should be positive for stocks. But it turns out that the recent CPI has little impact on the stock market.

Institutions comment on US CPI data: The Federal Reserve has made some progress in fighting inflation. The core CPI has grown at an annualized 3.1% over the past three months, the slowest since September 2021 and down from 4.1% and 5% recorded in the previous two months.

Russia’s central bank’s gold and foreign exchange reserves totaled US$586.6 billion in the week ended August 4, up from US$594 billion in the previous period.

CNBC commented on the US CPI data: In July, the US CPI rose by 3.2% year-on-year. The report indicates that the impact of inflation on the US economy has weakened to some extent at least. Markets reacted positively to the report, with Dow futures up nearly 200 points and U.S. Treasury yields mostly higher.

Institutions comment on US CPI data: The cost of nursing homes and adult day services hit a record high, rising 2.4% for the month.

Institutional comments on US CPI data: From a month-on-month perspective, the July CPI report has no bright spots. There is only one thing worth noting, that is, the drop in toy prices in July hit a record high, with a drop of 2.9%.

The US Weather Prediction Center CPC issued a monthly El Niño warning, and it is expected that the El Niño phenomenon will continue in the northern hemisphere winter (the probability of continuing from December 2023 to February 2024 is greater than 95%).

The agency commented on the US CPI data: In July, energy prices fell year-on-year and month-on-month as a whole. Among them, gasoline prices rose by 0.2%, and electricity prices fell. At the same time, the natural gas index rose by 2% month-on-month after falling for five consecutive months. Overall, the impact of the energy price index on headline CPI appeared to be weaker than expected.

Institutions comment on US CPI data: food inflation also contributed to the increase in July CPI, and food indexes in four out of six major food stores rose in July.

[U.S. CPI data support the Federal Reserve’s suspension of interest rate hikes in September] U.S. CPI data in July were in line with expectations. Both the overall and core CPI rose by 0.2% month-on-month, and the annual rate rose from 3% to 3.2%, while the core inflation rate fell to as expected. 4.7%. With no major upside surprises, a Fed rate hike in September now looks unlikely, further weakening the greenback.

The Brazilian real strengthened 0.9 percent against the dollar in spot trades.