Data released by the U.S. Department of Commerce on Wednesday showed that preliminary durable goods orders for July increased by 1.1% month-over-month, exceeding market expectations of 0.5%. However, non-defense capital goods orders excluding aircraft, a leading indicator of business capital expenditure, only grew by 0.2% month-over-month, falling short of the expected 0.7%, indicating a cooling in corporate investment sentiment. Meanwhile, the Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures (PCE) price index, rose by 0.2% month-over-month in July, in line with expectations, but its year-over-year increase still reached 3.7%, higher than the Federal Reserve's 2% target. Real consumer spending, adjusted for inflation, remained flat month-over-month, showing a slowdown in demand. The market is closely watching the statements by Federal Reserve Chairman Kevin Warsh at the Jackson Hole annual meeting on Friday to gauge the Federal Reserve's latest stance on the current economic situation and interest rate path.