Headline CPI:
Prior was +2.4% y/yCurrent y/y is +2.6%m/m reading at +0.2% vs +0.2% expectedMonth-over-month unrounded 0.2441 vs 0.1799% prior
Core measures:
Core CPI +3.3% vs +3.3% expectedCore CPI m/m +0.3% vs +0.3% expectedCore unrounded +0.2800% vs +0.3124% m/m priorReal weekly earnings +0.1% vs -0.1% prior (prior revised to +0.1%)Core services ex shelter +0.3% vs +0.554% priorCore-CPI services ex-rent/OER +0.2% vs +0.404% prior
The market found enough in this report to sell the US dollar. The unrounded core number and core services ex-housing are the likely catalysts and the dollar is down around 20 pips.
This article was written by Adam Button at www.forexlive.com.
