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🚨 CPI data drops today at 8:30 AM ET.
Inflation is expected around 3.4%, up sharply from 2.4% last month.
A big part of this comes from rising oil and energy prices due to the war.
So even if the number comes in as expected, it still means inflation is moving back up.
That’s not good for risk assets.
And it gives the Fed even less reason to cut rates anytime soon.