Thoughts on the latest CPI numbers and potential Fed moves

Anyone else still trying to digest the latest CPI print? It came in a bit hotter than expected, and I'm curious how you all are factoring that into your short to medium-term outlook, especially for rate expectations. Seems like the market's been trying to price in an earlier cut, but this data definitely throws a wrench in that. Wondering if the Fed now has more breathing room, or even pressure, to hold steady for longer than previously anticipated.

From where I'm sitting, it makes me think about what this means for sectors that are particularly sensitive to interest rates. Seeing how things like $ADBE are reacting, it's a mixed bag, but the broader sentiment around growth stocks might get a little shaky if the 'higher for longer' narrative gains more traction. Conversely, maybe some of the value plays start looking a bit more attractive. What's your take on the most likely scenarios for the next FOMC meeting?