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Market Commentary Options Trading
June's Cooler Inflation Report Just Reshuffled the Fed Bet — Here's How Options Traders Are Pricing the Two-Week Countdown to July 29

June CPI came in far cooler than expected, sharply repricing odds ahead of the Fed's July 29 rate decision. Here's how options markets translate a scheduled, date-certain macro event into a tradeable "expected move" — and how that differs from pricing a single company's earnings.

July 16, 2026