Traders are gearing up for what is expected to be one of the busiest CPI days in recent memory, with the release of the December CPI report poised to confirm persistent inflation. This has prompted a recalibration of rate cut expectations as US inflation remains elevated, raising concerns about interest rate cuts. The stock market has exhibited mixed responses globally, with equities showing apprehension ahead of the crucial inflation data. Analysts from major financial institutions foresee potential market volatility and shifts in investor sentiment based on the outcomes of the inflation report. Futures have begun to climb as attention also shifts towards upcoming quarterly earnings amid fears of high inflation continuing to impact economic strategies.