#CPI&JoblessClaimsWatch Markets showed sharp moves today following the latest data drop in the ongoing #CPI&JoblessClaimsWatch. The Consumer Price Index came in slightly hotter than expected, reinforcing concerns that inflation remains sticky and the Fed may hold rates higher for longer. At the same time, jobless claims saw an uptick, suggesting potential cracks in the labor market. The combination has traders weighing the odds of a policy pivot later this year. Risk assets, including crypto, initially dipped but showed signs of recovery as the session progressed. Keep an eye on these macro indicators—they're shaping the narrative for rate expectations and market sentiment.