Tonight's news on CPI data is something everyone can follow. Currently, the probability of a rate cut in July is only 38.5%, while the probability of maintaining the current Intrerest Rate in July is 57.4%. After the July FOMC meeting, the next one will be in September, so if there is no rate cut in July, the earliest time for a rate cut will be directly pushed back to September. If tonight's CPI data does not look good, it will basically lead the funds in the market to take a risk-averse route.
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Tonight's news on CPI data is something everyone can follow. Currently, the probability of a rate cut in July is only 38.5%, while the probability of maintaining the current Intrerest Rate in July is 57.4%. After the July FOMC meeting, the next one will be in September, so if there is no rate cut in July, the earliest time for a rate cut will be directly pushed back to September. If tonight's CPI data does not look good, it will basically lead the funds in the market to take a risk-averse route.