【Tonight 20:30｜June CPI + Walsh’s first congressional hearing】

Overall inflation expectations are easing, but core indicators are improving slowly. The market’s pricing for the probability of a July rate hike remains near the 50% mark. Tonight’s CPI data could potentially break this balance. In addition, at 22:00 Beijing time, Fed Chair Walsh will attend a congressional hearing for the first time. The hawkish-versus-dovish tilt in his remarks may have an even more far-reaching impact on market expectations than the data itself. Moreover, the direction of core inflation will directly affect the Fed’s policy choices at its July meeting, which in turn influences the market’s overall judgment on the interest-rate path. Therefore, we need to watch both the market reaction after the data is released and the policy signals released at the hearing, and make our judgment based on the actual price action on the chart. $BTC #沃什听证会撞上CPI $ETH