Thoughts on the latest CPI print and Fed rhetoric

Been digesting the latest CPI numbers that came in slightly higher than expected, particularly the core. It feels like the market's initial shrug might be underestimating the implications for the Fed's stance. While we've seen some dovish whispers lately, this print could easily provide Powell and co. with more ammunition to maintain a higher-for-longer narrative, even if they don't hike again. I'm keeping a very close eye on the bond market's reaction in the coming days, especially the short end of the curve. Might signal further strength for the dollar, potentially putting some pressure on commodities and growth stocks, while value plays might continue to find some support. Still trying to connect the dots on how this might filter down to crypto, given the current sideways action in $LUNA at 1.23, but it feels like a generally risk-off macro environment could cap any significant upside for a bit.