The extremely important CPI inflation data will be released tonight,
According to current forecasts:
👉 Core CPI (m/m): Remains unchanged
👉 CPI (m/m): Slightly increased from 0.2% > 0.3%
👉 CPI (y/y): Showing signs of increasing again, expected to rise from 2.6% > 2.7%, along with this, if calculated based on data from September to now, inflation has increased from 2.4% > 2.6% according to current data.
-> An extremely bad signal and could affect the FED's monetary policy; if it only matches the forecast (2.7%), it would still be good, but if it exceeds this level, it would not be stable.
👉 It is best for everyone to limit trading tonight for safety; this data is very important as it will directly impact this year's upcoming FOMC meeting.