Explaining CPI DATA.
Today's one of the most important events of September is CPI Data comes at 8:30 AM ET. (In the next 1hr 25m)
• Expectations: 2.6%
Right now the scenario is that If CPI Data comes < 2.6%, it will be bullish, and 50 BPS rate cut chances will go up.
Or If CPI Data > 2.6%, a dump could happen, and 25 BPS rate cut chances will go up.
• If CPI Data comes exact 2.6% then price a little bit pump and then dump.
As usually according to previous of such events first price pump and then dump.
Now let's see what will happen today when CPI Data comes and it is confirmed that the market might be volatile.
