Thoughts on BAC's move after the CPI print

Watching $BAC today after the CPI came in a bit hotter than expected. It's up around 2.42% to 58.36, which feels interesting. You'd think higher inflation might lead to a more hawkish Fed, potentially increasing the cost of capital and maybe weighing on bank stock multiples, but it seems like the market is reading this as a green light for net interest margin expansion. Given the $BRLUSD is also showing some slight strength today at 0.19166, it makes me wonder if there's a broader sentiment shift towards anticipating higher-for-longer rates benefiting financials, even with potential growth headwinds. I'm keeping a close eye on regional banks next week, considering if this momentum in the larger players like $BAC has any read-through for their CFD performance.