- Prior +3.8%
- Core CPI +3.4% vs +3.4% y/y expected
- Prior +3.5%
- Services CPI +4.5 vs 4.6% y/y expected
- Prior +4.7%
The figures are in line with expectations, except the services measure which was lower than expected. The market was already pricing an 80% probability of a rate cut in December, so the data is not going to materially change things even though we should see the probabilities strengthen.
