Thoughts on the latest CPI and what it means for the Fed's stance

The latest CPI print came in hotter than expected, which isn't exactly a shocker given what we've been seeing across the board with some commodity prices. I've been watching $KC closely, and even though it's down a bit today at $9.47, the underlying inflationary pressures are still there. It makes me wonder if the market's current hawkish Fed pricing is actually aggressive enough. My watchlist has been reflecting a cautious approach, leaning towards names that can weather higher rates, and away from those highly sensitive to credit. The market seems to be taking it somewhat in stride, but I'm thinking about how much longer the 'transitory' narrative can hold up with these numbers. What are others thinking? Does this shift your positioning much, or are we mostly baked in at this point?