🔥 Core CPI Came in Soft — Risk-on Markets will love this 🔥 📉 YoY: 2.8% (vs 2.9% exp) 📉 MoM: 0.1% (vs 0.3% exp) Both misses = 🚀 for markets ➡️ Rate cut odds up ➡️ Yields ↓ ➡️ Risk assets 🟢 Markets were bracing for sticky inflation, especially on the MoM basis, and instead got a dovish surprise.