US CPI: No inflation could mean bad news for US Dollar

From forex.com

US inflation was released earlier, and it wasn’t good. Although headline inflation was in line with expectations for January (MoM) at 0.3%, it was core inflation which set the tone for the markets. Core inflation for January (MoM) was 0% vs and expectation of 0.2%! Core inflation strips out the often-volatile components of the headline number, which are food and energy prices. As a result, the January annualized inflation remained unchanged from December’s number at 1.4%, while the annualized headline inflation component down ticked from 1.6% to 1.4%! Just as inflation expectations were starting to creep up in ... (full story)