So we had the CPI report today and it was decent but market didn't respond.
1) The consumer price index rose 0.1% in March and 5% from a year ago, below estimates.
2) Excluding food and energy, the core CPI accelerated 0.4% and 5.6%, both as expected.
3) Energy costs fell and food prices were flat. Used vehicle prices also declined.
4) A 0.6% increase in shelter costs was the smallest gain since November, but still resulted in prices rising 8.2% on an annual basis
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