The CPI data is out, and you could say it's very steady and stable. The annual rate is consistent with both the expected value and the previous value. The monthly rate of 0.3 is higher than the previous value but matches the expected value, while the core monthly rate is lower than the previous value but also matches the expected value. This is the kind of result that's most likely to see a 'rise first, then pull back' scenario, completely in line with expectations. It usually brings a short-term relief rally, but since oil prices have already risen significantly after the end of February, the market will soon start pricing in March inflation risks ahead of time, so the sustainability might not be strong.