Year over, the numbers are as expected: 1.8% in core CPI and +0.2% in headline CPI. However, month over month Core inflation is up only 0.1% and so is the headline number. This is a tad below predictions.
The initial reaction is a lower dollar, but the move is not strong.
Read the rest of the article US core inflation 1.8% y/y, monthly figures disappoint – USD rises after the initial dip