CPI has actually faded from people's sight before, but because the number of employed people doubled last time and the conflict in the Middle East caused oil prices to soar, the market is worried that inflation will return, and some people even expect that there will be no interest rate cut next time. So if the inflation data can come down this time, it will be absolutely crucial.
The market expectation this time is 2.3%, which is significantly lower than the previous value, while the core CPI expectation remains unchanged. But given that this is the last CPI data before the election, I think some people will definitely beautify the data and even use it to declare victory in the fight against inflation.
So I am actually looking forward to tonight. The high probability is to maintain expectations (no increase or decrease) or be lower than expectations (good news), and the low probability is higher than expectations, which is bad news.