8:30 tonight! Don't forget that the US Department of Labor will release the latest CPI data.

Given the current sluggish employment and manufacturing markets, the probability of CPI rising is very low, and the probability is downward.

However, CPI is gradually no longer the focus of the market. It has almost fallen, and has little impact on the currency price. People are more concerned about the employment market and worry about recession.

Of course, the rise in CPI will still be quite bearish, because the economy is down, and the Federal Reserve is ready to cut interest rates, but inflation rebounds at this time, which directly makes the Federal Reserve unable to lower interest rates.

However, the probability of this is very small, but if it happens, the harm is very large. It has a special term in economics, called "stagflation", abbreviated as: stagflation.