The next macro data release is imminent!

The CPI data to be unveiled next Tuesday will undoubtedly become another focal point in the market's speculation. Although the current market forecasts for inflation data are performing reasonably well, whether it can lead the market towards a clear trend still needs to be observed based on the market's further reaction to interest rate cut expectations.

If the market's confidence in the Federal Reserve is severely damaged, then even if the data performs well, the market trend may struggle to recover.

Additionally, Powell's congressional hearing next week is also worth our close attention.

Will he reveal new policy signals? How much longer will the market volatility continue? These questions could all affect the market's expectations for the policy direction over the next 1-2 months, and currently, everything remains uncertain. Whether a turning point occurred last month may also be sought from the statements made during this hearing.

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