CPI just printed hotter than expected—market's not gonna like this.

Core CPI m/m: 0.3% (expected 0.2%)
CPI m/m: 0.4% (expected 0.3%)

Rate hike odds spiked to 88% for 25bps. Fed's got no choice but to keep tightening.

All eyes on Fed speakers this week—they'll spin this data however they want:
Tuesday: Logan, Schmid, Bowman, Paulson
Thursday: Hammack, Barr, Goolsbee, Daly, Williams
Friday: Bowman, Daly, Jefferson

🔴 Friday: PPI drops. If that comes in hot too, risk assets are cooked short-term.

Expect chop. Macro's still running the show, not narratives. Trade accordingly.