Although the data weight of the New York Fed's 1-year inflation expectations tonight is not high, it is also a reference for Wednesday's CPI data. Under the premise that the interest rate cut has been nominally determined in September, the effective reduction of inflation expectations is tantamount to icing on the cake. Especially under the expectation of a potential recession in the US economy, if the CPI data on Wednesday is the same as today's data, it will weaken the possibility of a recession again. Although a recession is terrible, what is more terrible is that the recession is accompanied by a rebound in high inflation. Musk's dialogue with Trump at 8 am tomorrow will become the focus. Whether it can bring much encouragement to the crypto market should be what everyone is looking forward to. I hope it won't just be a MEME wave!

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