This week's economic data, although limited, has clearly shown that demand is slowing down. Although labor productivity in the United States remains strong, the slowdown in economic activity and the rise in service prices indicate that the market is gradually exhibiting characteristics of mild stagflation.

Looking ahead to next week, the United States will release three crucial economic indicators: Consumer Price Index (CPI), Producer Price Index (PPI), and employment market data. These data may further strengthen the market's expectations for the Federal Reserve to cut interest rates in September.

Important events next week include:

- August 15 (Tuesday) 20:30, US July CPI data released
- On August 15th (Tuesday) at 22:00, Richmond Fed President Barkin will give a speech.
- On August 17 (Thursday) at 01:00, Chicago Federal Reserve President Charles Evans will deliver a speech on monetary policy.
- On August 17 (Thursday) at 01:30, Atlanta Federal Reserve President Bostic expressed his views on the outlook for the U.S. economy.
- On August 17 (Thursday) at 20:30, the U.S. will announce the number of initial jobless claims for last week and the July PPI data.
- On August 18th (Friday) at 02:00, Richmond Fed President Barkin will participate in a webinar.
- On August 18 (Friday) at 22:00, the United States will announce the August inflation expectations, the preliminary value of the University of Michigan Consumer Confidence Index, and the June business inventory data.

It is worth noting that if next Friday's retail sales data shows that the economic situation is more severe than expected, then market expectations for a rate cut in September and another rate cut before the end of the year may not change significantly. However, this could affect any market reactions triggered by the CPI data.

Overall, next week's economic data will provide investors with more clues about the health of the U.S. economy and could have a significant impact on the financial markets. Investors should closely monitor this data in order to better predict future market trends and Federal Reserve policy decisions.