Headline inflation is down to -0.1% – deflation territory, but it has been there before, due to oil prices. Core inflation, which the Fed eyes more closely, is up to 1.8% y/y, better than expected. Month over month, both rose 0.2% as expected.
The dollar remains unimpressed: it is rising only a bit in the immediate reaction.
Read the rest of the article US core inflation ticks up to 1.8% – USD follows