No Whammies in CPI Data (And No Bond Market Reaction)

The median forecast for monthly core CPI was 0.28% (0.3 after rounding up for most econ calendars). Today’s actual number was 0.196–obviously quite a bit lower than forecasts. In addition, supercore fell to .179 from .349. Despite those victories, forecasts correctly predicted a sharp rise in headline inflation which moved up from 2.4% to 3.3% year over year.  Apparently, it’s hard to get excited about buying b…