Analysis: The market will see a wave of interest rate cuts in September.

Odaily Odaily News: Although stronger-than-expected U.S. second-quarter GDP data may ease some concerns about the economy, analysts pointed out that the higher-than-expected 2.9% core personal consumption expenditure price index (PCE) could cause trouble for the Federal Reserve. "While this is above target, it is falling, and coupled with strong economic growth data, this reduces the pressure on the Federal Reserve to cut interest rates next week," said Emma Wall of Hargreaves Lansdown in a report. "We expect the Federal Reserve, the European Central Bank and the Bank of England to cut interest rates in September, which will be a wave of rate cuts. For investors focusing on the U.S. stock market, we believe there are opportunities for small-cap stocks with better value, despite the recent pullback in the "Magnificent Seven". "