In the current economic situation, investors are closely following the upcoming inflation data. General expectations indicate that this month's inflation data may rise compared to last month. If the data meets expectations, the impact on the market may be relatively limited. However, what truly raises market concerns is the changes in the leadership of the Labor Department, especially the uncertainty that may arise from the replacement of the director and the acting deputy director.

Since yesterday afternoon, the market has shown an overall downward trend. It is still unclear whether this is a regular range fluctuation or a correction after the market has peaked. This trend is likely related to the market's risk aversion to the rebound in CPI. Considering the recent market decline triggered by the downward adjustment of employment data, investors may choose to temporarily exit the market to avoid potential risks out of caution.

The current market forecast for the core CPI is a month-on-month rate of 0.3% and a year-on-year rate of 3.0%-3.1%; the overall CPI is expected to have a month-on-month rate of 0.2% and a year-on-year rate of about 2.7%-2.8%. These four indicators have all seen a slight rise compared to last month. The focus of the market tonight is on whether the data falls below expectations, which may be seen as a positive signal; if it exceeds expectations, it may be interpreted as a negative signal. If the actual data deviates significantly from expectations, it may be considered a major negative. However, compared to the employment data that previously caused market fluctuations, the risk of impact from this inflation data is relatively low.

Overall, market participants are cautiously awaiting the release of this key economic indicator, the results of which will greatly influence short-term market trends and the formulation of investment strategies.