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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
📍 Follow Gate_Square, vote and drop your reason.
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📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
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1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
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📅 Event Period
August 11 – 20, 2025
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4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Dare to trade. Dare to win.
Goldman Sachs: CPI data supports expectations that the Fed may implement a "precautionary" rate cut in September.
On August 12, Alexandra Wilson-Elizondo, Co-Chief Information Officer of Goldman Sachs' Global Multi-Asset Solutions, stated that the CPI data for July met expectations, with the core inflation rate rising 3.1% year-on-year. The Fed is supported by the data, believing that the impact of tariffs on price levels is mostly temporary. Tariffs have not yet driven significant price rises, as businesses offset cost pressures by reducing inventories and cautiously adjusting prices, due to consumers being sensitive to price changes. The Fed's policy is highly data-dependent, and with inflation under control and signs of a soft labor market becoming increasingly evident in the revised employment data, future focus will shift more towards employment. Overall, this inflation report supports expectations for a "insurance" rate cut by the Fed in September, which will become a key driver for the market. ( Jin10 )