The Bureau of Labor Statistics released the March Consumer Price Index data this morning. The year-over-year non-seasonally adjusted Headline CPI came in at 2.62%, up from 1.68% the previous month. Year-over-year Core CPI (ex Food and Energy) came in at 1.65%, up from 1.28% the previous month and below the Fed's 2% PCE target.
Hardly a talking point. The ten year yield dropped two basis on the news. This i still about deflation pressure.
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