Consumer Price Index (CPI)
November's Consumer Price Index (CPI) was posted at 8:30 AM ET, giving us a very important measurement of inflationary pressures at the consumer level of the economy. It showed that the overall reading rose 0.3% while the more important core data rose 0.2%. Both readings were expected to rise 0.2%, meaning the overall was a bit stronger than expected. However, the core data draws the most attention because it excludes more volatile food and energy costs. Since it didn’t show any surprises, we can consider the report neutral for bonds and mortgage rates.