Updated on January 18, 2017 10:36:31 AM EST
Decembers Consumer Price Index (CPI) kicked off today’s calendar at 8:30 AM. It showed a 0.3% increase in the overall reading and a 0.2% rise in the core data that excludes volatile food and energy prices. These readings pegged expectations and indicate inflation rose moderately at the consumer level of the economy last month. Since the report showed no major surprises, we can consider the data to be neutral-to-slightly negative for bonds and mortgage rates.