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Tonight's CPI release is also one of the most important economic data points recently. Due to the impact of the war on oil prices, the previous value was 2.4%, with an expected 3.3%. This is the largest change in recent years, so a sharp fluctuation tonight is very likely. The range is probably between 70-75k, and then the direction will emerge:
- Less than or equal to 3.3%, positive/neutral expectation, first rally then drop
- Greater than 3.3%, negative, first drop then rally then drop again
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