🚨 US CPI in 1 hour at 08:30 AM ET

This is the main macro catalyst of the week and it will set the tone for rates, the dollar, and risk assets.

🟡 Expected: 3.1%

🔽 If CPI prints above 3.1%, inflation looks sticky, rate cuts get pushed out, and risk assets may face pressure.

🔼If CPI prints below 3.1%, disinflation gains momentum, cuts get priced in faster, and risk usually reacts positively.

🕯 A print near expectations likely keeps markets in the current range until the next macro trigger.