🚨 The biggest turn today is happening before the first interest rate meeting next week led by the new Fed Chair Kevin Warsh.

The US May inflation data will be released at TSI 15.30.
Current Situation and Expectations:
Previous: 3.8%
Expectation: 4.2%
The main reason for this sharp rise in expectations is the jump in global oil and energy prices.
Below expectations, hopes for rate cuts may take hold, and we could see strong relief in the market.
Above expectations, fears of tightening ahead of the new Fed leadership grow, and the pain continues.
However, we have recently seen an inexplicable wave of selling in the markets.
If the data comes in exactly as expected at 4.2%, the market may react upward, saying everything is fine, our fears have come true—but we had already moved to cash, and the uncertainty is over.
Until the data is released, volatility will remain high, so don’t neglect risk management.
Do you think the data will come in below or above expectations? 👇