US inflation fall short of expectations. The Fed probably knew that and that could explain part of the dovish approach. But not all the figures are negative.
CPI rose only 0.4% m/m, unchanged y/y. Core inflation rose only 0.1% m/m and 1.7% y/y.
Read the rest of the article US Core Inflation slides to 1.7% y/y, jobless claims and current account beat – USD ticks down