Internet reports that Standard & Poor's Global said that July's U.S. CPI data will become a key economic indicator for the new week. Under the expectation that tariff policies will push up inflation, the market is waiting for this report with bated breath. Although current tariff developments (including the higher tariffs imposed on August 7 and the latest threat of a 100% chip tariff) seem to signal upward inflation, the overall U.S. consumer price increase in the second quarter remained below 3.0%. It is worth noting that the S & P global U.S. PMI data, which is a leading indicator of CPI trends, has hinted that inflation may pick up in the second half of 2025. Therefore, upcoming CPI data will verify whether prices began to accelerate in July. This is crucial for the Federal Reserve's monetary policy, which is still holding a wait-and-see attitude given potential price volatility.