I firmly believe that the bull market will eventually arrive, and although its pace may be more steady rather than sharp, it is expected to gradually climb with the loose monetary policies implemented by many countries around the world.
Recently, the market's concerns about inflation have intensified. In particular, the latest employment data released is staggering, jumping from the original 140,000 to 250,000. This significant change has attracted widespread attention.
However, some point out that these data may have been deliberately embellished for electoral considerations. Even so, rising employment makes inflation data due on Thursday particularly critical.
Previously, the Consumer Price Index (CPI) value was 2.5%, while the market expected it to fall to 2.3%, which reflected the market's optimistic expectations for the data.
As for core CPI, its previous value remained at 3.2%, and market expectations remained unchanged at 3.2%. Overall, the market's reaction to this data did not appear to be too nervous.
I personally tend to believe that CPI is likely to show a downward trend this time, so this may be a positive factor. Considering this is the last inflation data released before the election, there may be some optimization of the data, so we can expect to see some exciting results on Thursday.
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