Tonight's CPI data should theoretically be favorable, but if it is unfavorable, the expectation for a rate cut in September will cool down. The June CPI shows moderate inflation, and a rate cut in September has already become a certainty, with the suspense now shifting to whether it will be a cut of 25 or 50 basis points. Therefore, if tonight's July CPI is unfavorable, the data will inevitably raise suspicions of manipulation. Because in the past short month, there has been neither war nor other significant policy impacts, making it impossible for there to be drastic changes. Moreover, there was a slight adjustment in the latter half of last night, so a rebound is needed tonight to balance the market trend.

ETH has already started to stir.

As of now, there is an 83.8% probability that the Federal Reserve will cut rates by 25 or 50 basis points on September 18.