Tonight at 11:00 PM Beijing time, there’s a data point you need to keep a close eye on—the Fed’s most closely watched inflation indicator, the PCE, will be released.

Since the previous CPI data was delayed, this PCE release has become the only inflation reference before the Fed’s December policy meeting. The market is now scrutinizing every number under a magnifying glass, and every figure will be repeatedly interpreted.

To be honest, key moments like this are when big moves tend to happen. I suggest you review your portfolio allocations in advance—take profits if you need to, reduce your positions if necessary. Don’t get caught off guard by sudden market swings. This is especially important for those with heavy leverage—pay extra attention to risk control.

Volatility may be intense during the half hour before and after the data release, so be cautious with your trades.