At 8:30 a.m. ET, we'll get an updated inflation reading via the consumer price index. Economists expect the headline number to rise 0.3% month-over month. Excluding food and energy, they're looking for a 0.2% increase. Year-over-year, both measures are expected to increase by 1.6%. "We are anticipating a +0.3% increase in the headline and +0.2% increase in the core, but a +0.3% rise in the core is possible if there is some retracement of medical care prices which have shown record weakness over the past couple of months," said Deutsche Bank's Joe LaVorgna and Carl Riccadonna. "In general, we do not believe there is much disinflation in the economy. Core service inflation is running at...
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