September 9th news, this Wednesday, the United States will release the latest CPI data. Options traders generally expect market volatility to be lower than previously expected for the CPI day. Because the Fed prepares to cut interest rates as inflation falls towards its target, the data is less important to the stock market. Instead, it's all about the weakness in employment and whether the Fed can avoid a hard landing. Eric Diton, president and managing director of Wealth Alliance, said the key question for stock market investors is whether the Federal Reserve has waited too long to cut interest rates because recession risks are now higher than they were two months ago, and suddenly inflation is no longer a big issue.