February CPI Comes In Line With Expectations At 0.4%

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UPDATE:

Right in line…

Headline CPI of 0.4% was right in line with expectations.

Core CPI (ex-food and energy) was just a touch cooler than expectations at 0.1%.

Kind of a snooze, really, although the softness in the core might be seen as modestly bad news.

 

ORIGINAL POST: The first big datapoint of the day: CPI is expected to come in at 0.4% for February, up from 0.2% in January.

“Core” CPI, which excludes food and energy is expected to rise 0.2%.

For FED and QE-watchers this is important. The higher number, the less likely we’ll see QE.

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