Tonight at 8:30! A negative CPI for the first time in 6 years? Don’t get carried away by “good news”!

Family, at 8:30 tonight the US June CPI will be released. The market expects overall CPI month-over-month to turn negative for the first time in 6 years. Seeing inflation cool down sharply, don’t you feel like rate cuts are coming right away?

Don’t be too optimistic! This is basically propped up by the drop in oil prices. Core inflation remains stubborn and far from the target line. What’s more, oil prices have rebounded recently, and next month’s data is likely to change course. Rate-hike expectations from the Fed are still up in the air—let’s not get led around by surface-level data. Stay steady, focus on the core logic, and make your move when it’s right. #SKHYNIX $SKHYNIX ‌