Tonight at 20:30 (UTC+8), the United States will release the quarterly adjusted CPI annual rate for the end of February, which is expected to record 2.9%, lower than the previous value of 3.00%.
According to CME FedWatch data, the probability of the Federal Reserve keeping current interest rates unchanged until March is 96%, and the probability of cutting interest rates by 25 basis points is 4%.
Last week's non farm payroll data was slightly lower than expected, indicating a stabilizing trend in the job market and a further shift in the focus of the Federal Reserve towards inflation. If the CPI is higher than expected (such as 3.0% or more), the Federal Reserve's interest rate cut plan may be postponed, and may even trigger a hawkish stance to consider maintaining or adjusting interest rates to curb inflation risks. On the contrary, if the CPI falls below 2.8%, the market's expectation of interest rate cuts will rise again, stimulating further gains in the stock and cryptocurrency markets.
Reminder: Market fluctuations may intensify at that time, so please be sure to do a good job in risk management.