**The CPI Narrative Collapse: When Market Consensus Meets Policy Reversal**
The past few weeks have exposed a troubling pattern in economic reporting. Multiple rounds of Consumer Price Index data—intended to establish a clear trajectory for monetary easing—instead created a false consensus that obscured the underlying truth. Markets had locked in expectations for a September rate cut with near certainty, betting their entire positioning on the reliability of these figures.
Then came the policy reversal that nobody fully anticipated. The monetary policy meeting didn't deliver the expected pivot
The past few weeks have exposed a troubling pattern in economic reporting. Multiple rounds of Consumer Price Index data—intended to establish a clear trajectory for monetary easing—instead created a false consensus that obscured the underlying truth. Markets had locked in expectations for a September rate cut with near certainty, betting their entire positioning on the reliability of these figures.
Then came the policy reversal that nobody fully anticipated. The monetary policy meeting didn't deliver the expected pivot