#CPI&JoblessClaimsWatch

1)The CPI measures changes in the prices paid by consumers for goods and services. It's a crucial indicator of inflation.

2)Traders and economists closely watch CPI data to gauge inflationary pressures, which can influence central bank policies, such as interest rate decisions.

3)Therefore, a "CPI watch" signifies the act of following the releases of this data, and analyzing the data for trends.