At 20:30 this evening, the U.S. February CPI will be released. Next week, there is the Federal Open Market Committee (FOMC) Meeting, and this CPI report will be the last heavyweight data before the meeting next Thursday, undoubtedly having a significant impact on the Federal Reserve's decision-making.

Currently, the Federal Open Market Committee (FOMC) Meeting in March is almost certain to keep interest rates unchanged (with a probability as high as 98%), but there is still significant uncertainty about the timing of the first rate cut this year (in May or June?) and the number of rate cuts this year (2 times or 3 times?).
In terms of market impact: if the CPI basically meets expectations, the impact on the market is minimal. If the CPI rises sharply, it indicates that Trump's tariff policy has significantly boosted inflation, and US stocks will plummet. If the CPI falls sharply, it indicates that the market's concerns about inflation are excessive, which may boost expectations of a rate cut by the Federal Open Market Committee (FOMC) in May, alleviate concerns about economic recession, and US stocks will soar.