我先写个commentary吧：CPI came in weaker across board. Both headline and core MoM and YoY weaker vs consensus. Like I said at last month CPI print, 通胀数据MoM主要的contributors shelter & auto insurance are both trending lower, 如同踩着刹车下山，虽然慢但是你知道方向往哪里。下午我们get fomc, 个人认为Fed dot plot不变，但如果他们acknowledge 近期labor market 的easing, I think we rally harder。我认为Fed会stay dovish或者说过去一个月的数据，没有太多理由去转鹰。Tomorrow we get PPI, 作者认为上个月数据的big downward revision让我觉得weaker的可能性更大，we will see。PPI之后大体能预估出PCE的estimate