Shelter costs accounted for roughly two-thirds of the monthly increase, suggesting inflation would look considerably better if housing-related pressures begin to ease. Expectations for a September Fed rate hike have slipped from around 46% to 42.1%, while Treasury yields have moved lower. The 2-year yield is down 4.2 basis points to 4.176%, while the 10-year yield is lower by 2.8 basis points at 4.655%. The S&P is up 29 points and the NASDAQ 100 is up 100 points in futures trading. The video walks through those key technical levels in real time and, more importantly, explains why they matter.