March CPI Comes In Right In-Line, While Core Stays Super Cool

bernanke 60 minutes

The number:

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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