Core CPI Slumps To 19-Month Lows - Below Fed Mandate
For the first time since October 2015, core consumer prices rose at a pace slower than The Fed's mandate. The 1.9% YoY rise is the weakest print since Sept 2015. The last time this pattern played out - in 2012 - The Fed unleashed Operation Twist and subsequently QE3 to stall the disinlationary
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