Sticky inflation:


Headline CPI cooled slightly (2.7% YoY vs 2.8% exp), but Core CPI rose to 3.1% YoY, above expectations.

The Fed watches core (excluding volatile food and energy) — not fooled by surface-level disinflation.

No rate cut rug-pull just yet — unless something cracks in the labor market...

#CPI
CORE-2.92%
NOT-3.64%
IN-11.96%
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