Tonight at 20:30, the battle for CPI! Comparing with this month's US Non-farm Payrolls (NFP) on the 1st!

Is there a possibility tonight that the current expectations are generally bearish, and the published value meets the expected value or is flat compared to the previous value, or slightly lower than the previous value, paving the way for an interest rate cut in September?
The answer will be revealed tonight at 20:30!
Currently, the market generally predicts that the Federal Reserve will lower interest rates 2 times this year by approximately 50-75 basis points.
With an 80% probability, this prediction has driven the Nasdaq and others to continue climbing to new highs this month!
If there is a significant fluctuation in the data tonight, it will inevitably lead to a large double kill of both long and short positions!
Currently, according to various market sources, the Federal Reserve is basically set to cut interest rates, but the questions are whether it will start this year or next year, and how much the rate will be reduced!
All of these require data accumulation. Currently, the CPI data has rebounded for three consecutive months. Only if this month's data stabilizes or even decreases can it pave the way for interest rate cuts in September!
So tonight I predict that the expected value should deviate to the downside, being digested in advance, and the published value will meet the expected value or equal the previous value, being lukewarm and shifting the pressure to the core PCE data at the end of the month!
Tonight's best scenario is a dip followed by a rise. If it greatly exceeds expectations, it could be a significant negative for the market. A deep pullback might also be a violent shakeout, which would be good for the future market, and it's not necessarily a bad thing. We can't expect to profit every day; taking a pause and resting can also be a better way to recharge!
‍ #CPI数据来袭#   #GT# #ETH# #BTC#