A.M. Update -CPI Falls & Stocks Soar

S&P futures are up +1.75% after July CPI slowed significantly more than expected. Economists expected a rise in CPI on a MoM basis, the headline US Consumer Price Inflation was expected to slow from +9.1% YoY to +8.7% YoY in July, but it actually slowed significantly more than expected to +8.5% Yoy to flat MoM….