The Fed's preferred measure of inflation
- Prior was +1.4%
- Core m/m +0.1% vs +0.2% expected
- Prior core m/m +0.1%
- PCE deflator +1.4% vs +1.5% expected
- Prior deflator +1.4% y/y
- Deflator m/m +0.2% vs +0.3% expected
Soft numbers on the core and the headline. US dollar lower on the kneejerk.
