On August 15, 2025, at the early market opening, domestic futures main contracts exhibited more declines than advances. Rapeseed meal dropped over 2%, while rapeseed oil, Shanghai silver, and Shanghai nickel fell more than 1%. On the upside, liquefied petroleum gas (LPG) rose over 1%, with SC crude oil, coke, and soda ash gaining nearly 1%.

Guangda Futures Analysis:

Regarding data, the US July PPI annual rate reached 3.3%, significantly exceeding market expectations of 2.5%, marking the highest level since February.

Concerning interest rate cuts, Fed's Daly opposed the necessity of a 50 basis point rate cut at the September meeting, expressing concerns it would send an emergency signal and seeing no reason for the need to "catch up." Musalem indicated that if the Federal Reserve places greater emphasis on the labor market and adopts aggressive rate cuts, it could lead to higher inflation expectations, proving counterproductive. A 50 basis point cut does not align with current economic conditions or data. The latest CME "Fed Watch" data shows a 7.9% probability of maintaining rates unchanged in September, a 92.1% probability of a 25 basis point cut, a 3.2% probability of keeping rates unchanged through October, a 41.7% probability of cumulative 25 basis point cuts, and a 55.2% probability of cumulative 50 basis point cuts.

Overall, while US inflation data continues to show volatility, positive rate cut expectations will provide support for the market.