This is what you need to know today.

The talk of negative interest rates has been prompted by fears of deflation.

Recently we shared with you that Core PPI came much hotter than the consensus.  Today, Core Consumer Price Index (CPI) came at +0.3% vs. 0.1% consensus.

The foregoing tells us that inflation is well and alive in the United States and there is no need to pay attention to speculation of negative interest rates in the United States  at this time.