Today’s CPI was mixed but slightly hot:
Headline CPI: +0.4% month-on-month, exactly as expected.
Headline CPI: +3.4% year-on-year, exactly as expected.
Core CPI: +0.3% month-on-month, hotter than the +0.2% forecast.
Core CPI: +2.4% year-on-year, in line with expectations and down from 2.5%.
If rates are hiked, how will this impact stock prices?