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CPI inflation comes in a bit lighter (it wasn't higher). Markets improve. USD tilts lower

Stocks off the lows. The USD is modestly lower. Stocks off the lows. The USD is modestly lower. As Adam pointed out, the inflation story was "overwhelmingly a gasoline story," with energy accounting for more than 60% of the monthly increase in CPI. That characterization may help explain why the ma... [4455 chars]

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