Tonight at 20:30, the United States will release the August Consumer Price Index ( CPI ) and the initial jobless claims. These two pieces of data are seen as key indicators affecting the Federal Reserve's monetary policy, and the market is highly focused on them.

Economists generally expect the August CPI year-on-year rate to rise from 2.7% in the previous month to 2.9%, while the month-on-month rate may increase from 0.2% to 0.3%. At the same time, initial jobless claims are expected to decrease slightly from last week's 237,000 to 235,000.

The trend of this data will directly affect the market's expectations of the Federal Reserve's future policies. If the CPI data exceeds expectations, it may strengthen expectations for the Federal Reserve to continue tightening monetary policy, thereby pushing the dollar stronger and putting pressure on cryptocurrencies such as Bitcoin and Ethereum, as well as the US stock market. Conversely, if the CPI data is below expectations, it may spark market expectations for future interest rate cuts by the Federal Reserve, which could lead to a significant rebound in cryptocurrencies and growth stocks.

Regardless of the outcome, this data release may trigger significant market fluctuations. Investors should closely monitor the market reaction following the data announcement and adjust their investment strategies in a timely manner based on the actual situation.