The US July CPI will be released tonight at 20:30

At 20:30 Beijing time tonight, the July CPI data for the United States made a heavyweight debut, with an expected record of 2.8%, higher than the previous value of 2.7%. The current internal situation of the Federal Reserve is characterized by an "eagle dove confrontation". If the data confirms the transmission of tariffs and economic uncertainty, the Federal Reserve's interest rate cut path may become more cautious. CPI higher than expected: inflation is greatly affected by tariffs, expectations of interest rate cuts have cooled down, BTC may experience a short-term correction; CPI meets expectations: inflation is on a moderate downward trajectory, and the market will dissect the Fed's subsequent statements word for word, searching for a "dovish code"; CPI lower than expected: The expectation of a September interest rate cut is heating up, and the cryptocurrency market is in a frenzy;