December CPI Hotter-Than-Expected

The big economic news of this week is finally here: the Consumer Price Index (CPI) for December. Results are decidedly warmer than had been expected on all metrics, but nothing apparently too dire. Pre-market futures dropped into negative trading territory immediately upon the report hitting the tape, but again without anything too alarming: the Dow is -42 points, the S&P 500 is -6 and the Nasdaq -5 points at this hour.December CPI on headline, month over month, was 10 basis points (bps) hotter than expecte ...