Let's predict the US July CPI data to be released tonight and share our views. The Fed's expected broad CPI and core CPI are 3% and 3.3% year-on-year, and 0.24% and 0.27% month-on-month, respectively. The market's consensus expectations are lower than the Fed's numbers.

The expected number for July is a little higher than the month-on-month number of last month, but you should remember that last month, June's month-on-month number was negative, which really surprised the market at the time. This month's month-on-month number is positive, but fortunately, 0.2% is completely within the acceptable range of the Fed, and the year-on-year number still maintains a downward trend.

So if the CPI data released in the evening is consistent with this expectation, everyone can rest assured that it will not have a big impact on the probability of the Fed's interest rate cut in September. I personally tend to think that the CPI data in the evening is basically consistent with expectations. Relatively optimistic is the US July PPI data released in advance yesterday.

If you look at the broad and core PPI, both are lower than expected. PPI and CPI are highly positively correlated, which may be one of the reasons why everyone expects the July CPI to be higher than that of June.

Finally, you can also think about it. From the current perspective of the United States, does the current sleeping king want the Fed to cut interest rates earlier or later? You must know that the king of understanding has clearly stated that he hopes the Fed will not cut interest rates before the election. So from this perspective, there is no motivation to make the CPI data too high. What do you think? #美国CPI数据即将公布 #美国7月PPI低于预期 #美联储何时降息？ #加密市场反弹 #BTC走势分析 $BTC $ETH