Ex food and energy y/y were a little hotter 3.1% vs 3.0% est.
CPI overall y/y was cooler 2.7% vs. 2.8% est.
The m/m numbers were in line.
Dollar fell a bit but off the lows, SM of course loved the numbers. Silver up a little, gold being pinched on either side of flat.
PM shares firm again though.
PPI’s tomorrow so we play the game all over again.
