CPI Tomorrow + Shorting Treasuries

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Welcome to The Observatory. The Observatory is how we at Prometheus monitor the evolution of the economy and financial markets in real-time. Here are the top developments that stand out to us:

i. There is potential for CPI to decelerate modestly tomorrow; however, we remain in a stagflationary environment. By our estimates, inflation remains extremely elevated relative to recent history, though acceleration pressures are abating.

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