CPI Fortune Telling... What the market has done leading up to CPI

With the rapid inflation in gasoline I would think headline should come in hotter than expected.

However, I saw some corners of fintwit speculating on a cooler-than-expected core CPI. I am not sure what forms the basis of this theory though.

If it does turn out that core is cooler, despite a hotter headline, markets could rally as it provides optimism for the end of rate hikes.

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