CPI Report & Housing

The CPI is 0.4% and core is 0.2%. This is in line with forecasts and the core CPI was actually a td lower than expected: 0.2% actual vs 0.3% forecast.

So the PPI slow down did not translate to an equivalent CPI slowdown.

Meanwhile, Housing starts were a bit lower than expected 1.795M units vs 1.81M forecast.