I was just thinking about this scenario for tomorrow. If we don't see a reaction to the above expectation, then it's priced in, is my opinion.
But what number do you think moves the market either way? If it levels from previous month I think that moves the market up. But I am not sure what moves the market down with the expectation.
Now, I don't think it leveling is a good thing since it still means we are paying more and if I am honest, we should see it get worse before year end. But if it is level with June, the market should react positively.
What a lose-lose situation we are in: "Yay, inflation stayed the same and we are paying more than last year!"
What is the real CPI though? It's got to be closer to 20% than 10% right?