Analysts say that the CPI data will not prompt the Federal Reserve to cut interest rates by 50 basis points, even though the overall CPI and core CPI changes for this month are in line with expectations, the actual index levels for both are slightly lower than expected, helping to reduce the annual CPI rate from the expected 3.0% to 2.9%. This is the lowest level since March 2021. Inflation in the housing sector rose slightly again, up 0.4% this month compared to 0.2% in June, while the general super core services index (such as basic services that do not include housing) rose 0.21% this month, which is somewhat moderate, but higher than the slight decline in May and June. Overall, this data is consistent with a slowdown in inflation levels over the past few years, but it suggests that price increases have not suddenly stopped. There is nothing that seems likely to prompt the central bank to cut interest rates by 50 basis points next month. This is probably why government bond prices have risen for a short period.