The most noteworthy event today is CPI, because the Labor Bureau lowered the weight of energy and used cars, which had a high weight for inflation in the early stage, and the pricing parameters of CPI changed a part, so it also added uncertainty to this CPI!

At present, market expectations have obviously dropped. In the previous two months, the expected year-on-year decline was 0.5, and this time only a 0.3% decline was expected. Including the market's early risk aversion decline, it shows the market's impact on the uncertainty of inflation data!

However, from the perspective of the entire economic cycle, inflation is bound to fall, but it is just a matter of how much it falls, which will affect the Fed's interest rate hike decision. When to stop raising interest rates or even lower interest rates is what the market is most concerned about!