Tonight at 20:30, the consumer price index for February will be published in the USA. Next week, the Federal Open Market Committee (FOMC) meeting will take place, and this report pro consumer price index will be the last important data before the Thursday meeting, which will undoubtedly significantly influence the Federal Reserve's decision.

Currently, the Federal Reserve's interest rate remains unchanged in March ( with a probability of 98%), but the exact timing of the first rate cut this year ( in May or June?) and the number of rate cuts this year (2 times or 3 times?) still have a lot of uncertainty.
Regarding market impact: if the CPI largely meets expectations, the market impact will be minimal. If the CPI sharply rises, it indicates that Trump's tariff policy is already having a noticeable inflationary effect, and American stocks will sharply decline. If the CPI sharply falls, it suggests that the market is experiencing excessive inflation concerns, which may support expectations of a Federal Reserve rate cut in May, alleviate fears of an economic recession, and American stocks will rise.