Headline CPI rose 3.5% y/y vs 3.8% expected, while core CPI printed 2.6%. Monthly prices fell 0.4%—the largest monthly decline and the first negative monthly print since the 2020 pandemic period—supporting the market, with all three major indexes closing higher on the CPI read.
Headline CPI rose 3.5% y/y vs 3.8% expected, while core CPI printed 2.6%. Monthly prices fell 0.4%—the largest monthly decline and the first negative monthly print since the 2020 pandemic period—supporting the market, with all three major indexes closing higher on the CPI read.
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mildly positive
Sentiment Score
0.20
