[PCE Data Eases Rate Cut Concerns, Market May Face a Busy Trading Week Next Week] After the release of the PCE data, the possibility of a rate cut by the Federal Reserve at its September 16-17 meeting still exists. Michael Lorizio, Head of U.S. Rates Trading at Manulife Investment Management, stated that the latest PCE data reduces the risk of inflation posing a threat to the September rate cut plan, and inflation factors are unlikely to significantly impact rate cut expectations. Meanwhile, long-term bond yields rose on Friday, primarily driven by position-closing operations ahead of the long weekend and month-end portfolio adjustments. Some interest rate hedging trades also influenced the market. Lorizio expects that as market participants return from summer vacations next week, the corporate bond market will see a significant recovery, with activity in the primary market and spread product markets fully resuming. Additionally, the August employment data, set to be released next Friday, may serve as a key reference indicator for the Federal Reserve's near-term policy decisions.