0.5% on headline was right in line with what we were expecting. Core CPI of 0.1% was half of what was expected.
Markets are moving a little higher on this news, but are still pointing down.
Already, the conversation is turning to deflation again.
Background: No introduction needed. March CPI is expected to hit 0.5%. Core CPI is expected to rise just 0.2%.
A hot number could bury QE3 for good.
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