Tonight's US CPI is the main event! Don't just look at the data levels, the key to the market is how much it differs from expectations!

Oil prices are high, and inflation has already been priced in by the market; the real game-changer is unexpected surprises, a deviation of 0.1-0.2 percentage points is enough to cause volatility.

Focus on the core CPI! The broad CPI is being dragged down by energy, so the true indicator of whether inflation is spreading is the core data. Last March's data showed the core CPI slightly below expectations, which is what eased the market's nerves.

If the core CPI shows a "second-round effect" (inflation spreading to services and wages), it will be a big problem; on the other hand, if the broad CPI rises sharply but the core remains stable, the market will see it as controllable.

The Cleveland Fed predicts that the core CPI year-over-year and month-over-month will likely be below expectations; just waiting for tonight's data to be released! #币圈  ##Blockchain#特朗普5月13日访华 #MARA一季度净亏损13亿美元 #TROLL两日涨超160% $BTC $ETH