Thoughts on the latest CPI print and rate outlook

The $CPI figure coming in at 25.6047, while still high, does suggest a slight deceleration compared to previous months. This could provide the Fed with some breathing room, potentially tempering the hawkishness we've seen. I'm keeping a close eye on interest-sensitive sectors and commodities like oil; any sustained downtrend in inflation might shift the risk-reward for some of those plays, though I'm not seeing enough to adjust my core positions just yet.