Editorial companion

What stands out

Stocks and bonds both rose after US core Consumer Price Index (CPI) topped forecasts, a small market riddle: higher inflation usually pushes yields up and equities down, yet the tape moved the other way. Bloomberg Surveillance gathered a crowded table, rates strategists like Meghan Swiber, PIMCO’s Tiffany Wilding, BlackRock’s Wei Li, plus policy and market veterans, to unpack whether the CPI print really bolsters the case for another Federal Reserve rate hike. The conversation matters because it shows markets are balancing growth optimism, sticky inflation, and central bank signaling all at once, and that balance will steer where risk goes next.