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Core CPI Increases
09/17/2010
It has been a quiet morning. August CPI inflation increased 0.3% from July, matching the consensus forecast, and it was 1.1% higher than one year ago. Core CPI, which excludes food and energy, rose at a lower than expected 0.9% annual rate. This week’s inflation data again shows that rising inflation is not a concern right now. Investors will be watching to see whether the Fed addresses the risk of deflation at Tuesday’s FOMC meeting. The Dow is up 25 points. 10 Yr yield 2.737
