The July CPI will be released tonight at 20:30.



The US CPI data for July is set to be released, with expectations of recording 2.8%, higher than the previous value of 2.7%. Currently, there is a "hawk-dove standoff" within the Federal Reserve. If the data confirms the transmission of tariffs and economic uncertainty, the Federal Reserve's path to interest rate cuts may become more cautious.

CPI higher than expected: Inflation greatly affected by tariffs, interest rate cut expectations cooling, BTC may short-term pullback:

CPI meets expectations: Inflation is on a moderate decline track, and the market will dissect the Federal Reserve's subsequent statements word by word, looking for "dovish signals";

CPI lower than expected: September interest rate cut expectations heat up, crypto market rejoices
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