Given the jawboning we have had from the Fed about concern of inflation, I think the market is just playing it precautionary before the Fed meeting,
He has definitely left the door open for further easing. 'Mixed' isn't good enough for the Fed. so I think the odds are significantly greater now than they were just a half-hour ago that the Fed could potentially ease at the January meeting,
With the Fed expected to go another 25 basis points on Wednesday and still-tame inflation reports, we are just seeing more of the same flattening trend,
While the strength in this report would normally point toward continued Fed tightening, the Fed will most likely put a heavier weight on post-Katrina data, retail sales, jobs created and lost, consumer confidence,
We got some good news from core inflation but it's perceived to be temporary, so we're back to focusing on the risks of inflation and Fed tightening again,