February 2018 US CPI inflation data 13 March 2018

  • Prior 2.1%
  • 0.2% vs 0.2% exp m/m. Prior 0.5% SA
  • Core CPI 1.8% vs 1.8% exp y/y. Prior 1.8% NSA
  • 0.2% vs 0.2% exp m/m. Prior 0.3% SA
  • Real weekly earnings 0.3% vs 0.2% exp m/m. Prior -0.8%
  • 0.6% vs 0.6% prior y/y
  • Real hourly earnings 0.4% vs 0.7% prior y/y

If anything, the market looks to have wanted more from this report. Weekly wages beat by a tick but nothing huge and hourly earnings are lower than last month. There’s not much to trade on here but the buck is looking softer now.

Ryan Littlestone

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