#2月CPI数据将公布 The rebound in today's market may partly reflect investors' optimistic expectations for the upcoming CPI (Consumer Price Index) data to be released.

As a key indicator of inflation levels, each release of CPI data touches the market's nerves. Tonight, we will see the CPI data for February 2025, which is not only an important reference for assessing the economic health, but also may provide clues for the future direction of monetary policy.
The market generally predicts that the overall inflation rate in February will decrease slightly from 3.0% in January to 2.9%, while the core inflation rate (excluding categories with large fluctuations such as food and energy) is also expected to fall slightly from 3.3% to 3.2%. If the actual data aligns with the forecasts, this will be the first time since July 2024 that both overall and core inflation rates have decreased. This change may indicate that inflationary pressures are gradually easing, bringing new hope to the market and economic policies.
Since mid-2024, persistent high inflation has put pressure on investors and policymakers, with any signs of inflation slowing down potentially seen as increasing the possibility of an economic "soft landing".
The market's attention to this data is not only on the numbers themselves, but also on the trend behind them:
Whether inflation has truly entered a downward trend or is just a temporary pullback. If the data meets expectations, it may further strengthen market expectations for loose monetary policy, thereby injecting momentum into the stock and bond markets.
However, if the data surpasses expectations, market sentiment may quickly shift, reigniting concerns about economic stagnation. It should be pointed out that although the forecast values of 2.9% and 3.2% indicate a moderation in inflation, they still exceed the Federal Reserve's long-term target of 2%. This suggests that while inflation may be slowing down, it will still take time to fully control inflation.
Tonight's data may be an important node in the process of inflation regulation, and its results will have far-reaching implications for the market.