The year over year CPI is expected to be up 6.1% with the month to month being flat and Core CPI up 0.3% month to month. The market should view this as a positive trend in that inflation is moderating. It should not be viewed that the Federal Reserve is now going to pause, they are hell-bent on getting to 5% on the Fed Funds rate and staying there. If they do not stay at 5% for an extended period it will allow inflation to rekindle.

‍