Last night, the U.S. Department of Commerce announced the final GDP for the fourth quarter, which was revised up to 3.4% and 3% respectively. Another data, PCE, the consumer spending data for the fourth quarter, was revised down from 2.1 to 2%.

These two data indicate a soft landing of the economy, which in layman's terms weakens the necessity of interest rate cuts, which is slightly negative for the market.

After the data was released, CME continued to lower its June interest rate cut expectations to 63%.

Tonight is the release of the much-anticipated PCE inflation data, which will definitely have a much greater impact on the market than last night's data. Everyone needs to pay attention to high leverage risks when operating.