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Announcement: The US Department of Labor will release the April CPI data tonight at 8:30 PM

BlockBeats News, May 12: The U.S. Department of Labor will release the U.S. April CPI data tonight at 20:30 Beijing time. The data will include April Non-Seasonally Adjusted CPI YoY, Seasonally Adjusted CPI MoM, as well as April Seasonally Adjusted Core CPI MoM, Non-Seasonally Adjusted Core CPI MoM. This release is expected to cause market volatility.

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Core CPI at 0.2% month-over-month means the Fed stays put, while 0.3% triggers a rate hike.
The current interest rate hike probability is around 50%, with benign inflation data potentially prompting a wait-and-see approach. However, the hawkish stance still introduces uncertainty into the future policy outlook.
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