According to ChainCatcher, citing Golden Ten Data, analyst Adam Button stated that the Consumer Price Index (CPI) report will be released tomorrow, which could be a strong signal indicating that the data may come in below expectations. U.S. stock index futures have already risen as a result.
If the CPI result is lower than expected, especially if it is significantly below expectations, the likelihood of the Federal Reserve cutting interest rates by 50 basis points will increase. The month-on-month decline in the Producer Price Index (PPI), excluding food and energy, has reached its largest drop in the past 10 years.