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ECON: Consumer Prices Slightly Lower Than Expected
Posted to: Micro News
Tuesday, September 17, 2013 8:37 AM
- CPI +0.1 vs +0.2 forecast
- Core CPI +0.1 vs +0.1 forecast
- Annual Core CPI +1.5 vs +1.6 forecast
- Market Reaction: Slight improvement for MBS, Treasuries, and stocks, as the default implication of lower-than-expected inflation metrics is an increasingly open door for ongoing QE, all things being equal.
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1
percent in August on a seasonally adjusted basis, the U.S. Bureau of
Labor Statistics reported today. Over the last 12 months, the all
items index increased 1.5 percent before seasonal adjustment.
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