Thoughts on the latest CPI print and rate hike implications

The latest CPI numbers came in a bit hotter than many anticipated, especially on the core services side, which seems to solidify the hawkish stance from central banks for the foreseeable future. This effectively puts more pressure on rate-sensitive sectors and continues to favor a stronger dollar. I'm keeping a very close eye on the bond market's reaction, particularly the short end of the curve, as any further inversion could signal deeper economic concerns. For my watchlist, I'm leaning towards defensive plays and companies with robust free cash flow, as higher borrowing costs will start to bite hard for those with significant debt. Also watching $AUD today at $0.0936 — given the global rate environment, I'm thinking about its implications for resource-heavy economies. Curious if others are seeing similar pressures shaping their macro views.