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downgrades putting some cold water on these bulls
< (CPI) was reported at +0.3%, with the core rate (excluding food and energy components) at +0.2%. These changes were exactly in line with expectations, and there was no market reaction. CPI has risen a cumulative 0.8% the past three months, for a 3.2% annual rate. If a few more months come in stronger, there could be talk of inflation pressures.>
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