- Highest reading in 40 years
- Prior was 7.5%
- m/m CPI +0.8% vs +0.8% expected
- Prior m/m reading was +0.6%
- Real weekly earnings -0.5% vs -0.5% prior
- Full report
Core inflation :
- Ex food and energy +6.4% vs +6.4% y/y expected
- Prior ex food and energy +6.0%
- Core m/m +0.5% vs +0.5% exp
- Prior core m/m +0.6%
Prior to the report, the market as pricing in an 11% chance of a 50 bps Fed hike.
