According to data released by the U.S. Bureau of Labor Statistics on July 14 (Korea Standard Time), the U.S. Consumer Price Index (CPI) rose 3.5% year-on-year in June. Meanwhile, the core CPI, excluding energy and food, increased 2.6% year-on-year, providing a gauge of price trends.

Global geopolitical risks have been escalating as military clashes between the United States and Iran continue. In particular, international oil prices surged after U.S. President Donald Trump announced a re-blockade of the Strait of Hormuz against Iran. Amid these recession concerns, all three major U.S. stock indices recorded a bearish market on the 13th (local time).

Market attention is focused on what trend the global financial market will show following the release of this CPI data. In particular, what interest rate signal the U.S. Federal Reserve (Fed) will deliver going forward is a key variable. In addition, major economic indicators to be released in the future are also cited as important factors that will determine the market's direction.