Morning Note | Dec 13, 2022
Good Morning!
Markets are surging on the softer inflation report that showed a further reduction in rising prices. The CPI report showed just +0.1% m/m inflation and +7.1% y/y. That is below the +0.3% and +7.3% consensus estimates. Excluding volatile food and energy, Core CPI rose +0.2% m/m and +6.0% y/y. On the news, interest rates fell sharply with…
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