Tonight's CPI is slightly higher than market expectations, and the probability of an interest rate cut this month is almost zero. The Federal Reserve is likely to keep interest rates unchanged this month, and any rate cuts can only be expected in September or December.

However, the market does not necessarily need an interest rate cut to rise. For example, recently, Bitcoin has been reaching new historical highs without any interest rate cuts. It's just that with the expectation of a rate cut, the market would rally even more vigorously.