📉CPI IS THE NEXT BIG MACRO TEST Kalshi traders are pricing July CPI at 3.3% ahead of Wednesday’s release, while Treasury yields rise and September Fed hike odds have fallen to 46% from 67% a week ago after weak payrolls. ━━━━━━━━━━ A hotter CPI could revive hike bets and pressure bonds. A softer print would reinforce the case for the Fed to stay on hold. https://kalshi.com/markets/kxcpiyoy/inflation/kxcpiyoy-26jul?utm_source=walterbloomberg(*Walter Bloomberg)