Adjusting the Consumer Price Index heritage.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heritage.org Daily Mail and Mail on Sunday newspapers.
Some risk-off activity is being linked to new Covid restrictions in some of China's largest cities. The US reports CPI today. USD is trading higher against all major currencies but sterling.
As the Fed continues to catch up with the rest of the markets in realizing that inflation is indeed high, it now has another data point to refer to, Core PCE.