Traders generally expect this week's CPI results will not cause significant market fluctuations

This Wednesday, the United States will announce the latest CPI data. Options traders generally expect market volatility to be lower than previously anticipated for CPI Day.

Because as inflation falls towards the Federal Reserve's target, the Fed is preparing to cut interest rates, this data is not so important for the stock market. Instead, everything has to do with weak employment conditions and whether or not the Fed can avoid a hard landing.

Wealth Alliance President and General Manager Eric Diton said that a key issue facing stock market investors is whether or not the Federal Reserve waited too long to cut interest rates because recession risks are now higher than they were two months ago. Suddenly, inflation is no longer a big issue.