​Core Inflation Comes In Hotter Than Expected As Shelter Costs Unexpectedly Rise – Tyler Durden

Core Inflation Comes In Hotter Than Expected As Shelter Costs Unexpectedly Rise Following last month’s modest miss in CPI which sparked speculation about a 50bps cut, which was then boosted by the jobs report miss and the huge downward revision, moments ago the BLS reported that – as only a handful of Wall Street strategists warned – CPI actually came in hotter than expected at the core level, rising 0.3% MoM vs expectations of a 0.2% print, with all remaining metrics coming in line, to wit: CPI 0.2% MoM (or 0.187% unrounded), Exp. 0.2% – in line CPI Core 0.3%…  — Continue at ZeroHedge News : Read More