US Core CPI YoY Eases to Three-Year Low of 3.6%
Market Impact
The release of the core CPI YoY results caused an immediate impact on global markets, with stock prices and currency values fluctuating in response to the news. The decline in inflation has eased concerns about the Federal Reserve raising interest rates aggressively, which has boosted investor confidence.
Key Findings
The core CPI YoY rate, which excludes volatile items such as food and energy, fell to 3.6% in the latest reading. This represents a decline from the previous month's rate of 3.4% and the long-term average of 4.86%. The monthly CPI remained unchanged at 0.2%.
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