Big deal. The monthly fall of 0.3% and year on year fall to 1.3% from 1.7% is nothing when you look at the core only dropping a tick.
Now we’ll hear the Fed watchers going cuckoo over the numbers. Until that core number drops below 1.0% there’s not much to worry about. If the market pushes back rate hikes further on this news it’s going to be a great trade buying Fed hikes next year.
