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TODAY'S CPI DATA IS GOING TO BE VERY CRUCIAL AND ITS COMING AT 8:30 AM ET.
THE MARKET CONSENSUS IS EXPECTING A 2.5% YoY INCREASE, WHILE LAST MONTH'S CPI DATA WAS 2.3%.
IF CPI COMES HIGHER THAN 2.3%, IT'LL MARK THE FIRST CPI INCREASE SINCE FEBRUARY.
THE FOMC MEETING WILL HAPPEN NEXT WEEK, AND THE FED WILL DEFINITELY KEEP A CLOSE EYE ON THIS