Feilong Shares｜Tonight's US PPI Data Tonight at 20:30 (UTC+8), the US will release the PPI data. Currently, oil prices and US Treasury yields are at high levels, and the market is quite sensitive to inflation rebounds. This data will directly impact the Fed's interest rate expectations for next week. Below 5.1%: Bullish Inflation shows clear cooling, and risk assets like Bitcoin have a chance to rebound. Around the expected 5.3%: Neutral impact High probability of sharp volatility first, followed by the market choosing its own direction. Above 5.5%: Bearish Inflation pressure rises, rate hike expectations strengthen, and Bitcoin and US stocks may face pressure.