• Prior month 1.9%
  • CPI MoM 0.1% versus 0.1% estimate. Prior month -0.4%
  • Core CPI MoM 0.4% versus -0.3% last month
  • CPI YoY 1.9% versus 1.9% estimate
  • Core CPI YoY 2.1% versus 1.8% last month
  • CPI Median YoY 2.7% versus 2.5% estimate. Last month 2.6% revised from 2.4%
  • CPI Trim 2.7% versus 2.6%. Last month 2.5%
  • CPI Commopn 2.2% versus 2.0% last month

The markers are now pricing:

  • 8 bps of cut for next meeting vs 11 bps before the announcement
  • For the end of year, the markets are pricing 41 bps of cutsvs 45 before the release
Source: Forex Live