QCP: Tonight's CPI data may affect Interest Rate expectations, with the market currently expecting the Fed to cut interest rates four times this year

On March 12th, QCP released its daily analysis, stating that "market sentiment is tense, trade frictions have escalated again, and new tariffs are expected to be implemented on April 2nd. Today, the new 25% tariffs on steel and aluminum imports have taken effect, and the EU has swiftly retaliated, planning to impose countermeasures on goods worth 26 billion euros (about 22 billion pounds) starting next month. Market volatility has soared. The VIX index rose to 28 at one point, then fell to 26.6, however, the futures structure of Cboe VIX has turned inverted, implying that the market may be approaching a bottom. Meanwhile, tonight's consumer price index (CPI) data may affect the Intrerest Rate expectations, with the market now expecting the Fed to cut interest rates four times this year, compared to only once in January. In the Cryptocurrency market, the Securities and Exchange Commission (SEC) has postponed the approval of ETF applications for XRP, SOL, LTC, ADA, and DOGE until May, and also announced that a high-risk roundtable on Cryptocurrency regulation will be held on March 21st. However, due to GBTC selling 641 BTC, BTC ETF has encountered a net outflow of 153.87 million USD, and investors remain cautious about the market.