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CPI data lands in line with forecasts, leaving bond gains steady

Core CPI posted a 0.215% monthly increase, implying about 2.6% year over year, while bonds rallied overnight and held moderate gains after the release.

Reported · Written up by our desk · Economy

CPI released in line with forecasts generated little directional reaction, with Mortgage News Daily describing the print as unusually “boring” because all key components matched expectations.

The outlet reported that supercore, defined as core CPI minus housing, rose 0.189% on a monthly basis, while core CPI increased 0.215% monthly, extrapolating to roughly 2.6% year over year.

Mortgage News Daily said the market showed readiness to trade the data, but the lack of surprises made it difficult to build a directional case after the release.

It also noted that bonds rallied overnight, so the post-CPI tone was “flat,” with the move holding moderate gains rather than reversing.

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