The CPI data is out, and it wasn't particularly good. Earlier today, Waller had already given a speech, preemptively warning of potential problems. Most assets didn't fall significantly, and crypto assets didn't experience the dramatic drop many had anticipated. Meanwhile, after the CPI data release, the US Secretary of State and various US officials gave speeches saying that we are close to reaching an agreement with Iran and that further military action is unnecessary. This was clearly a market-massaging move.