U.S. stocks are expected to open sharply lower as red-hot inflation data undermines hopes of a rate cut

On February 12, according to foreign media analysis, U.S. stocks are expected to fall sharply at the open on Wednesday as higher-than-expected inflation data exacerbated concerns that the Federal Reserve will not cut interest rates soon. Alex Coffey, senior trading strategist at Charles Schwab, said that not only does it call into question whether the Fed will cut interest rates in the second half of this year, but the next move may be to raise interest rates; Inflation has brought all options back to the table and further postponed discussions about rate cuts. Powell said on Tuesday that he was in no hurry to cut interest rates, and today is the second day of his testimony before Congress to follow his latest speech.