Inflation data landing overlaid with tariff impact, can the US stock market still rise?

This week the United States successively released the June CPI and PPI data, how should we view the inflation pressure in the United States? The Fed's Beige Book shows that during the survey period, the U.S. economy grew slightly, and uncertainty has made corporate decisions more cautious. How should we view the fundamental situation of the U.S. economy, and is there a risk of recession? How will the Fed's monetary policy be implemented, and what is the outlook for the U.S. stock market in the second half of the year? Zheng Dong, Vice President of Sales at Anbon China, analyzed that the impact of tariffs on U.S. inflation is beginning to show, the U.S. economic fundamentals are still good, but the tariff impact could slow down growth. The Fed is maintaining a wait-and-see attitude, and expectations for interest rate cuts have diminished. U.S. corporate profits are growing well, and the outlook for the U.S. stock market in the second half of the year is cautiously optimistic.