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Consumer inflation was tame in March as the Consumer Price Index (CPI) rose a measly 0.1%.  That doesn’t seem like much below the 0.3% expected, however, that’s an annualized difference between 1.2% and 3.6% and the Fed’s target is 2.0%.  For you numbers nerds out there, the  Core CPI was also at 0.1%, vs. the 0.2% expected. The core year-over-year is actually above Fed expectations at 2.2%, though edging lower from the February reading of 2.3%.  The difference comes from the relatively cheaper energy costs since this time last year.  Oil prices have been coming up though since mid-January.  Stocks and Bonds are both up a touch on the day.