#CPI&JoblessClaimsWatch Markets are on edge as investors closely monitor the latest CPI data and weekly jobless claims. The Consumer Price Index came in hotter than expected, reinforcing concerns that inflation remains sticky despite the Fed’s tightening cycle. Meanwhile, jobless claims surprised with a slight uptick, hinting at potential softening in the labor market. This data combo throws a wrench into the Fed’s potential rate cut timeline, making risk assets jittery. Equities saw increased volatility, and the dollar held firm, while bond yields surged. All eyes now turn to the next Fed meeting and forward guidance.

#CPI&JoblessClaimsWatch