The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in July on a seasonally adjusted basis after rising 1.3 percent in June, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.5 percent before seasonal adjustment.
The futures skyrocketed on this, and the TNX (10 year Treasury yield) dumped by over 4%. The dollar was down hard and everything related to it was up (as it will be, priced in dollars of course.)
But inside the report, if you can be bothered with more than an Instragram level of attention, was this:
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