US inflation came in softer than feared, and markets took it as a green light — indices are sitting at or near record highs. We ask Tony Nash what the CPI print actually tells us about where inflation is heading, and whether it's enough to move the Fed. Also on the table: whether investors should be taking profit or letting the winners run, the oil price reaction to reported attacks on ships in the Strait of Hormuz, and what a weaker yen means for markets after intervention from the US and Japan.
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