Fundamentals: CPI - as Expected

As expected, the annual read for the core Consumer Price Index reading for May slipped to a 2.2% pace. Though this was a considerable reduction in price pressures, the inflation rate is still above the target 2% rate. Governor Dodge has made it clear that interest rate hikes are not out of the question.

[B]Previous 24 Hours:
[/B]- [B]Consumer Price Index[/B] (YoY) (APR):
Actual: 2.2%
Expected: 2.2%