The U.S. January Consumer Price Index (CPI) report is set to be released tonight at 21:30 Beijing time (UTC+8). According to Jin10, the recent stronger-than-expected non-farm payrolls data on Wednesday has shifted expectations for a Federal Reserve interest rate cut from June to July. As the market anticipates the impact of the 'January effect,' there is keen interest in whether the CPI will maintain its cooling trend and how it will influence market expectations.