Tonight at 21:30 (UTC+8), the United States will announce the end of December quarterly adjusted CPI annual rate, which is expected to record 2.9%, higher than the previous value of 2.7%. According to CME FedWatch data, the probability of the Federal Reserve keeping current interest rates unchanged until January is 97.9%, and the probability of cutting interest rates by 25 basis points is 2.1%. Expectations of interest rate cuts in March and May are also relatively limited. The probability of the current market betting on a 25 basis point interest rate cut in June and maintaining the current interest rate unchanged is basically the same. Special Reminder: Given that Trump is about to take office, CPI data may exceed expectations and trigger another "Trump trade". Market volatility may intensify at that time, so it is important to manage risks effectively.