Morning Note | Aug 10, 2022
Good Morning!
Investors are cheering the lighter-than-expected inflation report with markets jumping in response. The broader US indices are up about 1.5% as of this writing. Headline CPI came in at +8.5% y/y, compared to consensus estimates of +9.1%. Core (excluding food & energy) was +5.9%, also slightly below estimates.
Interest rates fell across th…
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