📊 U.S. Inflation Update:

🇺🇸 Headline CPI (YoY) rose to 4.2%, in line with expectations and up from the previous 3.8%. On a monthly basis, CPI increased 0.5%, also matching forecasts.

🇺🇸 Core CPI (YoY) came in at 2.9%, meeting estimates. Meanwhile, monthly Core CPI slowed to 0.2%, below the expected 0.3% and down from the prior 0.4%.

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While headline inflation is picking up again, the softer Core CPI monthly print may signal easing underlying price pressures—something markets and the Fed will watch closely.