US core CPI
- Prior m/m +0.2%
- CPI m/m +0.2% versus +0.2% expected (+0.17% unrounded)
- CPI y/y 3.2% versus 3.3% expected
- Prior y/y 3.0%
Core measures:
- Core CPI m/m +0.2% versus +0.2% expected. Last month 0.2%
- Unrounded core at +0.16%
- Core CPI y/y 4.7% versus 4.8% expected. Last month was 4.8%
- Shelter +0.4% versus +0.4% last month. Year on year 7.7% versus 7.8% last month
- Services less rent and shelter +0.2% m/m vs +0.2% prior
The market was pricing in a 13% chance of a Fed hike at the September meeting and around 35% for November.
