Powell's Soft-Landing Dream In Danger as Traders Hedge Inflation.

The recent consumer price index (CPI) report has caused concern among traders and investors, as it indicates that inflation is still a significant factor in the market. This has led to a sell-off in stocks and bonds, with yields on 10-year Treasuries reaching their highest level since November. Some traders are doubting whether Federal Reserve Chair Jerome Powell will be able to achieve a soft economic landing, as the current asset price gains may be working against the Fed's efforts to combat inflation. As a result, investors are turning to alternative assets such as gold, oil, and cryptocurrency as inflation hedges. [Extracted from the article]