February 14, 2023 [Market Analysis] "Fundamental Information" 9:30 tonight US CPI data for January: Will the anti-inflation process be tested? Inflation data to be released today will give markets a chance to further assess the policy outlook. The agency predicts that the year-on-year growth of CPI in January will drop from 6.5% to 6.2%, but the month-on-month will turn from a decline to an increase, up 0.4%. The core CPI excluding food and energy will increase by 5.4% year-on-year and 0.3% month-on-month. In contrast, the Cleveland Fed's inflation model forecasts a higher forecast and barely retreated in February, suggesting that price pressures remain severe. The first financial reporter noticed that many analysts believe that the price increase last month may exceed expectations. Market forecasts for the outlook for low inflation were ahead of their time. While inflation is falling, it won't return to the Fed's 2% inflation target for the next two years. 210 billion funds "withdrawal" from US stocks! Tonight's CPI data is critical Wall Street analysts said that the current funds are flowing to funds outside the US stock market, during the same period, investors injected about 12 billion US dollars into international stock funds. That suggests some investors are putting money into super-safe fixed-income assets and opting for funds that invest in cheap stocks abroad. The upcoming CPI data for January in the United States is particularly critical, which will provide important clues for the Federal Reserve to judge "whether inflation in the United States is slowing down", which in turn will affect its subsequent monetary policy direction. The current market expects that the U.S. CPI inflation in January, which will be announced on Tuesday, may rise by 0.5% month-on-month, the largest increase in three months, which may confirm that the Fed will continue to raise interest rates aggressively. Therefore, in the next month, the trend of gold will continue to fall. On Feb