CPI Misses Across The Board, Dollar Dives

CPI rose 0.1% vs est. 0.2%, according to the BLS.

Ex. food, energy up 0.1% vs est. 0.2%

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Dollar, Yields Dive After CPI Disappoints

Ok, well the biggest econ print of the week is in and it’s a miss. You can read the full breakdown here, but suffice to say the CPI disappointment is another blow to the Fed’s “transitory” narrative and if this trend doesn’t turn around soon, they’ll need to come right out and admit that they…