Before the release of the non-farm data last week, I was optimistic about CPI.
However, as time went on and the URPD data on the chain changed, I noticed the following:
1. There are profitable whales that continue to sell;
2. The unexpected rise in PPI data in April is expected to cause fluctuations in CPI data in June;
3. The US stock index has risen to an outrageous height;
4. Biden may withdraw from the election, so it is not meaningful to falsify data again;
5. Last month's CPI was 0.
So I think the CPI released tonight may exceed expectations.
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