Core CPI Slumps To 19-Month Lows - Below Fed Mandate

For the first time since October 2015, core consumer prices rose at a pace slower than The Fed's mandate. The 1.9% YoY rise is the weakest print since Sept 2015.

The last time this pattern played out - in 2012 - The Fed unleashed Operation Twist and subsequently QE3 to stall the disinlationary dive...

This time they are hiking rates??

Perhaps even more concerning is that Core inflation ex-shelter is at its lowest since Feb 2015... and near record lows...