#CPIWatch
INFLATION COOLING — FED STILL TALKING HOT?"
Moments ago, US CPI numbers dropped.
Headline CPI: 2.4% (below 2.5% forecast)
Core CPI: 2.5% (in line with expectations)
This marks the lowest CPI reading since pre-tariff levels in 2025.
Core inflation is now sitting at levels not seen in nearly five years.
While the narrative warned of re-acceleration, the data is signaling moderation.
Markets move on direction — and the direction is down.