All US inflation numbers beat: headline CPI rises 0.2% and core CPI rise 0.2%. Year over year, CPI is flat and core inflation rises to 1.7%, not too far from the Fed’s 2% target. While the Fed monitors Core PCE rather than Core CPI, these upbeat numbers on all fronts provide reasons for the dollar to rise. The downside in this report is that real weekly earnings are actually down 0.1% m/m.
The greenback is moving higher across the board.
Read the rest of the article US Core inflation rises to 1.7% y/y – USD stronger