The CPI data released in the evening seems to have no more room for doubt; can its value go below 3.8? Probably not!

Unless the released value is below 3.8, otherwise it's considered bearish!
Since February, the curve has been rising continuously, hitting new highs again and again.
This probably doesn't need much explanation; the core issue remains the same—it's driven up by the war!
If you insist on using it to make a point, then its only current significance is that it will add fuel to the upcoming Federal Reserve interest rate decision, and it will also cast a shadow over Waller's debut, making the Fed in the Waller era a rollercoaster of highs and lows—no rate cuts, and rate hikes are difficult. #CPI