Although today's CPI data showed a significant increase, the market impact isn't huge. From the data, 75% of the rise is due to gasoline prices, and we all know the surge in gasoline is caused by the Iran war. While the conflict hasn't fully ended yet, the temporary ceasefire has given the market some hope. As a result, this round of inflation is widely considered to be short-term. After all, looking at the core CPI data (excluding food and energy), although it's higher than the previous value, it's lower than expectations. The war's impact on core inflation isn't significant, and the Fed mainly focuses on core inflation (core PCE). So, while the data is bearish, a permanent ceasefire would be more important for the market. Bitget VIP—lower fees, bigger perks!