Tonight's CPI data should theoretically be positive. If it's negative, the expectations for a rate cut in September will cool down. The June CPI showed moderate inflation, making a rate cut in September a certainty, with the suspense now shifting to whether it will be a cut of 25 or 50 basis points. Therefore, if tonight's July CPI is negative, the data will inevitably be suspected of being manipulated. Because in the past month, there has been neither war nor other significant policy impacts, it shouldn't change too much. Furthermore, there was a slight adjustment late last night, and tonight we also need a rebound to balance the market situation.
ETH has already been stirring in advance.
As of now, the probability of a 25 or 50 basis point rate cut by the Fed on September 18 is as high as 83.8%.
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