US CPI/PPI - 2024-04-09

Another disappointing month for inflation. But don't lose your courage just yet. Market expectations have shed almost 5 rate cuts so far this year, and yet  everything is just fine (the Fed isn't as tight as it says). Does this mean there will be hikes? No. Core CPI ex-OER at 2.51% YOY is just one basis point above the Fed's target for it.