🚨 Core #CPI is the key risk event tonight.

Headline CPI: 2.5% y/y (down from 2.7% in December).

Core CPI: 2.5% y/y (slightly down from 2.6% previously).

Even with year-over-year easing, the monthly core pace has been accelerating, keeping pressure on the Fed narrative.

Data releases at 7 PM IST. ⏰

Expect VOLATILITY.