United States mortgage interest rates have been down the labour market and inflation for the first six weeks

On 14 August, for the first time in six weeks, the interest rate on United States mortgages fell slightly, following the latest data showing that the labour market was cooling and that the impact of the Iranian war on last month's inflation was likely to be more limited. In its statement on Thursday, the United States premises indicated that the average interest rate on a 30-year fixed-interest mortgage had dropped from 6.69 per cent in the previous week to 6.67 per cent, ending a five-week consecutive increase. However, interest rates remain high for over a year. The data show that the war in Iran appears to have had only a limited impact on inflation. Consumer prices in the United States slowed for the second consecutive month in July, with energy, gasoline and food prices falling from the previous month. Another measure of core inflation was also at the five-year low of February. In conjunction with the July employment report, the market believes that the latest economic situation in the United States has eased the pressure on the Fed to raise interest rates in the coming months. According to the Fedwatch tool of Zhicom, following the publication of the Consumer Price Index (CPI), investors expect the probability of a 25 basis point increase at the September meeting of the Fed to fall from 48 per cent the previous day to 38 per cent。