Headline CPI up 0.4%
Core CPI up 0.2%, right in line with expectations.
This isn’t going to move markets much… stocks are a bit higher on the day.
Analysts are looking for
- Headline CPI: 0.4%
- Core CPI +0.2%
Yesterday PPI came in at 0.8%, so regardless, we’re almost certain to see more implied margin squeeze.
Remember, if we’re hot, you should freak out about hyperinflation, and if it’s cool, freak out about deflation. Either way, blame Bernanke.