🔶 CPI+Fed, will the market bleed this week?
Today, Wednesday at 20:30, the United States will release the latest CPI data, and a few hours later the Fed will announce its June interest rate decision.
Last week's data showed that the new non-farm employment and wage data in the United States in May exceeded expectations, and the market's easing bets on the Fed's interest rate cut were suppressed, and the focus then quickly turned to this week's inflation data.
JPMorgan Chase warned that the market will fluctuate violently on Wednesday, and the CPI data may be reversed by Powell's statement at the press conference.
In short, everyone should clear up the leveraged contracts. A grain of sand in the era is a mountain on everyone's head. Be careful of your position! 🤣
