- Prior was 61.3
- Prior was 74.0 vs 68.5 anticipated
- Present circumstances 74.0 vs 68.5 anticipated
- Expectations 66.4 vs 57.0 anticipated
- One -year inflation 3.1% vs 4.5% prior
- 5-year inflation 2.8% vs 3.2% prior
It is a dream report. It is like a magic touchdown the place the financial system stays scorching and inflation falls beneath 2% anyway. It will go away the Fed with 500 bps of ammunition regardless of inflation being on the right track. They’d must re-write financial textbooks.
This text was written by Adam Button at www.forexlive.com.
