Federal Reserve Governor Barr stated on Tuesday that the Federal Reserve should raise interest rates decisively if inflation fails to cool sufficiently. This statement echoes the hawkish stance of Federal Reserve Chairman Warsh last week, further strengthening market expectations for a rate hike in September. Barr warned that inflation has been above target for over five consecutive years, and there is a risk of price pressures becoming entrenched. The market is closely watching the US August CPI data, to be released on September 11, which will be a key basis for determining whether the Federal Reserve will raise rates at its September policy meeting.