Today, taking advantage of the PPI data decline to infer that CPI will also decline tomorrow, the market has increased the probability of the Fed cutting rates by 50 basis points next week to 12%. However, if the Fed does cut by 50 basis points next week, it would not be a good sign. Therefore, I gradually reduced some of my positions today to lock in profits. I will keep some ammunition and wait for the interest rate decision next week before making further plans.
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