🇺🇸 U.S. CPI inflation came in hotter than expected.

CPI YoY: 3.8% (Expected: 3.7%)

Core CPI YoY: 2.8% (Expected: 2.7%)

What this means 👇

The market expected inflation to cool down slightly, but the numbers came in higher than forecast.

That means inflation in the U.S. is still staying stubbornly strong.