Morning Note | Aug 10, 2023 | Inflation Reaccelerates But Less Than Expected
Good Morning!
Markets are up big after the inflation report that showed inflation came in softer than expected. However, the number came in at +3.2%, compared to +3.0% in June, the first increase since June 2022. US Core CPI moved down to +4.7% y/y, the lowest reading since October 2021, and below expectations by 0.1%.
July 2023 CPI Report Y/Y:
Items UP…
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