The consumer price index (CPI), a measure of inflation, rose 0.3% last month. Year over year core CPI, which strips out food and energy, rose 2.3%, the most since May 2012. Reuters

Federal Reserve Board members lowered their expectations of the projected federal funds interst rate. Business Insider

The yield difference between the 10-year U.S. Treasury and 5-year U.S. Treasury fell to nearly the lowest level since 2008 despite the strong inflation report this week. Bloomberg