Before the August CPI Data: Celebration or Risk Aversion?
The CPI data on August 12 is definitely the main event, as it directly determines whether the Federal Reserve will cut interest rates in September!
Now the market is rebounding, and we will first see the 10th; starting from the 11th, funds will definitely move to risk aversion, and the market will likely enter a volatile mode.
Once the CPI data is released, if it's positive, the market will immediately celebrate and continue to party;
If the data disappoints, then be prepared to face a wave of bloodshed!
Powell talks about inflation every day, and this data is the ultimate judgment!
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