Will today CPI index affect coming FED decision to 0.50%?

Based on the recent job unemployment rate which is showing a pretty good sign, due to war caused inflation, and coming CPI index may become the indication for Powell to decide go ahead on the planned 0.25% rate hike. As previously mentioned by Powell, they are planned for 0.25% hiked but he also mentioned that "to the extent that inflation comes in higher or is more persistently high than that, then we would be prepared to move more aggressively by raising the federal funds rate by more than 0.25% at a meeting or meetings". Therefore the recent commodities spike we can see quite an impact to the consumer market, I personally guess after today CPI index, is likely they will announce the rate hike early next week and with extent of higher than 0.25% rate hike. My 2cent analysis. $SPDR S&P 500 ETF Trust(SPY)$  $Invesco QQQ Trust(QQQ)$  hopefully will getting cheap so that more people's can onboard.