US core inflation creeping up

17 March 2016

 

Market attention in the past 24 hours has been focussed on the March meeting of the FOMC, even amid expectations of no changes to the official rate, and hence little was written about the CPI release scheduled for earlier in the (US) morning. Which is a surprise, as inflation is one of the three policy objectives of the US Fed, the other two being maximum employment and moderate long term...

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