[Institution: Market to Focus on Fed's Assessment of Core Inflation] Jin10 Data, July 28 – Fifth Third Commercial Bank's U.S. Chief Economist Bill Adams stated in a report that since the Federal Reserve stopped providing forward guidance under Chair Powell, the market may closely monitor the Federal Open Market Committee's (FOMC) assessment of core inflation. He noted that the Fed's policy statement might continue to reflect a "mixed bag" of inflation drivers. Positive factors include relatively moderate increases in housing prices and rents, as well as the fading inflationary impact of tariff hikes set for 2025. However, multiple factors could still elevate price pressures, including energy price rebounds driven by Middle East tensions and disruptions to Russian exports, new rounds of tariff measures, and increased demand for artificial intelligence-related products pushing up electronics prices. Additionally, labor supply bottlenecks are driving up costs in certain service sectors, such as home healthcare and caregiving services. Market participants believe the Fed's next policy decision will hinge on whether these short-term shocks translate into more persistent core inflation pressures.