Fed's preferred inflation gauge show prices increased even before Iran war began

Core prices rose 3.1% (excluding food and energy), up from 3.0% the prior month and the highest in nearly two years. The print signals stickier underlying inflation and increases the likelihood the Fed remains hawkish, which could pressure rate-sensitive assets and lift yields.

Analysis

Core prices rose 3.1% (excluding food and energy), up from 3.0% the prior month and the highest in nearly two years. The print signals stickier underlying inflation and increases the likelihood the Fed remains hawkish, which could pressure rate-sensitive assets and lift yields.