Just looking back at when the February CPI came in right on target last year. That basically killed any hopes traders had about near-term Fed rate cuts kicking in. The data matched expectations pretty cleanly, which meant the central bank had no reason to rush into loosening policy. I remember the market reaction was pretty muted because honestly, nobody was really surprised at that point. The whole Fed rate cut expectations thing just kept getting pushed further out on the calendar. It's interesting how much that single data point shaped the entire rate cut narrative for months. Sometimes the most boring data is the most important for markets.