Tonight, global financial markets will be firmly focused on the U.S. July CPI data—this data spectacle is bound to become the core focus stirring the market.

Looking back at the end of July, the 'big thunder' of non-farm and unemployment data is still fresh in memory. The controversy over the data being a whitewash has added another layer of fog to an already murky economic picture.

Now, the game of interest rate cuts has long since jumped out of economic logic and evolved into fierce political maneuvering. Trump has always supported interest rate cuts, believing that a low-interest-rate environment is the 'nourishment' for economic recovery, injecting momentum for growth. However, it is not difficult for the discerning to notice that the signals of a recession in the U.S. economy have already emerged: corporate vitality is weakening, growth momentum is insufficient, and the initiation of a rate-cutting cycle seems to be just around the corner.

As for tonight, I bet that the data will release favorable signals. If the results lean towards easing as expected, the suppressed market sentiment may be ignited in an instant, with the influx of funds likely to drive asset prices into a wave of 'takeoff'行情. The moment this data is revealed is worth holding one’s breath and waiting.