Inflation report comes in HOT, FED meets in 2 weeks, what to expect from here

Is this the worst of it? The "top" of inflation...? Very divided on this and that's good. I like it when the market is divided on what's next because you know what that does? It really prevents drastic things from taking place and right now I'm good with that and that alone. 9.1% is crazy number but we can also expect next months reading to be much lower as most of the included items in this index have come in since the June time table finished. Could that be the spark the market needs for another run higher? We'll see if the FED gives the full 1% hike this month as they are expected to by many. I still think 75bps but what do I know? Hope this helps either way, tried to drop some other nuggets in there along the way :) Links below!

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LINKS:
https://www.cnbc.com/2022/07/13/inflation-rose-9point1percent-in-june-even-more-than-expected-as-price-pressures-intensify.html
https://www.cnbc.com/2022/07/13/us-bonds-treasury-yields-tick-higher-as-traders-prepare-for-inflation.html
https://www.cnbc.com/2022/07/13/hot-inflation-leads-some-banks-to-speculate-on-a-monster-1percent-rate-hike-this-month.html
https://www.cnbc.com/2022/07/13/these-are-americas-10-most-expensive-states-to-live-in.html
https://www.cnbc.com/2022/07/13/these-are-americas-10-cheapest-states-to-live-in.html
https://www.cnbc.com/select/what-is-a-down-payment-on-a-home-and-how-much-is-required/