📊 My View
I expect CPI to land at the higher end of consensus (around 2.7% YoY, and ~0.25% MoM). That’s enough to show some stickiness due to tariffs, but not so high as to derail optimism around eventual rate cuts.
Crypto Reaction: Likely muted in the short term—unless the figure significantly overshoots or undershoots.
Macro Lens: One more “sticky” inflation print may push Fed rate cuts further out (e.g. September), but shouldn’t derail risk asset inflows.
Let me know if you’d like a Square post summarizing this before the release—easily 100+ words, with emojis and hashtags like #CPIWatch