Steve on Nostr: The latest inflation data came in right on target. The month-over-month Core PCE ...

The latest inflation data came in right on target. The month-over-month Core PCE matched expectations at 0.2%, while the year-over-year rate was slightly lower than forecasted at 2.6%.

Basically, inflation has been pretty steady lately, which is a good sign for hitting the 2% annual target.

As for the markets, they’re not too excited. Mortgage-backed securities (MBS) and Treasury yields are mostly unchanged.