Wall Street is in for another sleepless night! One US CPI report could determine the fate of global assets in December

Tonight, coffee may once again sell out on Wall Street.
The US October CPI will be released at 21:30 on November 10, and markets are closely watching whether inflation continues to cool. US employment was strong previously, and expectations for a Fed rate hike in December have already heated up. This CPI report is like a crucial extra exam.
If inflation comes in hotter than expected again, markets may further bet on a rate hike. The dollar could strengthen, Treasury yields may rise, BTC and US stocks—risk assets—could come under pressure, and gold may also be affected by higher interest rates.
If inflation comes in below expectations, hopes for monetary policy easing may reignite. BTC could see inflows return, US tech stocks may have a chance to rebound, and gold may also benefit from a pullback in the dollar and yields.
However, don't forget that the market's favorite plot twist is a reversal. It's not unusual for prices to rise on bearish data or to spike and then retreat on bullish data.
That's because markets trade not just the data, but the gap between the data and expectations.
Tonight, CPI is responsible for providing the answer, and the market for creating surprises. Investors are responsible for managing their positions—don't hand your account over to your emotions. #每周来晒 and #美国10月CPI即将公布 $SPCX