#美国实施新关税政策# Tonight, investors will face the release of two critical economic data points, which are likely to redefine the price trends of various assets.

First, at 20:30, the core PCE price index will be announced. This inflation indicator, regarded as a key basis for Federal Reserve decision-making, will directly influence the formulation of future interest rate cut paths. Based on the previous value of 2.9%, if the data exceeds market expectations, it will indicate that inflation remains persistent, which may completely shelve the interest rate cut plans for October; conversely, if the data is below expectations, the Federal Reserve is likely to implement a 25 basis point rate cut.

Secondly, the Michigan Consumer Confidence Index, released at 22:00, will become an important measure of market sentiment. This indicator not only reflects the public's assessment of the current economic situation but also contains expectations regarding future inflation trends. If consumers generally believe that prices will continue to rise, the Federal Reserve may be forced to maintain a tight policy stance, which could lead to significant market volatility.

Fundamentally, the current market is experiencing a tug-of-war between "interest rate cut expectations and actual inflation conditions": if the data performs positively, expectations for interest rate cuts will strengthen, and assets like stocks and gold may strengthen; if the data falls short of expectations, the dollar is likely to rise, and risk assets will face adjustment pressure. Given that major investment institutions are well-prepared to respond, investors should consider controlling their positions and setting strict stop-losses, closely monitoring market dynamics tonight.