Due to missing data in October, there is no prior data available. The current market expectation is 3.1%. The key focus tonight is whether the CPI data will be in the 20s or 30s.

If the CPI drops to 2.9% or lower, it indicates that inflation is under control from a data perspective, reinforcing the Federal Reserve's continued rate cuts in 2026.

If the CPI is at 3.0% or rebounds to above 3.1%, it may strengthen the narrative of sticky inflation, temper expectations of rate cuts, and cause U.S. Treasury yields to rise. Technology stocks that are sensitive to interest rates may come under pressure.

Similar to the big non-farm payroll data collection the day before yesterday, due to the previous government shutdown, data collection was concentrated in the latter half of November. Additionally, the Thanksgiving sales in November caused significant price fluctuations in the first and second halves of the month, which may distort the data.

Let's chat in the live room later
$BTC #cpi