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1️⃣ Post original cont
Tonight's CPI data should theoretically be Favourable Information, but if it turns out to be Unfavourable Information, the expectations for a rate cut in September will cool down. The June CPI shows moderate inflation, and a rate cut in September has become a foregone conclusion; the suspense has shifted to whether it will be a cut of 25 or 50 basis points. Therefore, if tonight's July CPI is Unfavourable Information, the data will inevitably raise suspicions of manipulation. In the past month, there has been neither war nor any other significant policy impacts, so it is unlikely that there would be major changes. Furthermore, there was a pullback in the latter half of last night, and tonight we need a Rebound to balance the market sentiment.