Volatility Alert 🚨 US CPI Data Releases Today
The US CPI data will be released today at 8: 30 AM ET.
Current market expectation: 2.5%
Previous CPI: 2.3%
If today’s CPI comes in higher than 2.3%, it will be the first increase in the past 3-4 months, watching market closely.
Here is my outlook:
If CPI > 2.5%, expect a sell-off as the probability of a Fed rate cut decreases.
If CPI equals 2.5%, we may see a dip, but it would likely be a buy-the-dip opportunity.
If CPI comes in below 2.5%, expect initial pump-and-dump moves, but the market should close higher.
In short, unless CPI surprises well above 2.5%, the overall market bias remains bullish.