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HERE COMES CPI...

Myles Udland   

HERE COMES CPI...
Stock Market1 min read

Hot air balloon on Prospect Lake, Colorado Springs

Flickr/walkadog

Hot air balloon on Prospect Lake in Colorado Springs, Colorado

The latest consumer price index report is set for release from the BLS at 8:30 am ET.

Expectations are for CPI to rise 0.1% month-over-month, and 2% year-over-year.

"Core" CPI, which excludes food and gas - which tend to be more volatile - is expected to rise 0.2% over last month and 1.9% over last year.

CPI isn't the Fed's preferred measure of inflation - that would be the personal consumption expenditures, or PCE report - but with both metrics remaining well below the Fed's 2% target, the central bank hasn't been pressured to raise interest rates.

We'll be back with the live numbers when they hit.

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