The second point in the assignment is the PPI data released at 9:30pm Beijing time on February 13th. Although this data is not as important as CPI and does not receive the attention of the Federal Reserve on core PCE, the core PCE data can be calculated through PPI and core CPI data. Although the CPI data is not good anymore, if the core PCE data can improve (after all, the core PCE data and CPI data are not produced by the same institution), it will still be helpful for investors' low mood. Of course, because the focus of PPI data is not very high, its influence is relatively limited and may not necessarily form a risk aversion sentiment. However, if PPI data trends well, it will also be reflected in the prices of risk markets. The core CPI data is not good anymore, and the impact of PPI data is not significant. Currently, based on market forecasts, PPI data may be lower than market expectations. If it can be achieved, it is considered good. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex