US CPI data comes in better than expected.
Headline #inflation (MoM) rose 0.1% and core 0.2%, compared to consensus forecasts of 0.3% for both.
Annual inflation down to 7.1% and 6.0%.
As expected, #markets reacting well across the board to this better-than-expected economic news.
Headline #inflation (MoM) rose 0.1% and core 0.2%, compared to consensus forecasts of 0.3% for both.
Annual inflation down to 7.1% and 6.0%.
As expected, #markets reacting well across the board to this better-than-expected economic news.
A surge higher for both stock and government bond prices — that is both risky and risk-free assets — and a weaker dollar: A sense from Bloomberg of the immediate market reaction which spills back into the #economy through several channels, including looser financial conditions.
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