The CPI data is out, which is positive and lower than expected, indicating that the inflation rate in the United States has declined.
Today's CPI data is basically stable and positive. The US economy is operating normally, and there is no worry about recession, and inflation has not rebounded. This can successfully make the September interest rate cut of 25 basis points a defensive interest rate cut, while reducing the risk of market correction in September.
Risk market impact:
This data is positive for interest rate cut expectations, US stocks, and the crypto market.