More from Barkin: Today's CPI was about 'as expected' still seeing a moderation overall

<ul><li>Still seeing moderation in overall level of inflation but still a 'disconnect' with services and shelter</li><li>Would have more confidence if improvement in inflation was broader</li><li>Progress on goods has been encouraging and could make the case that it could continue</li><li>Some businesses in service sector have found they have pricing power and will not give it up until there is pushback from consumers and competitors</li></ul><p>He's certainly not freaking out about inflation but he's more on the dovish side of the spectrum.</p>

This article was written by Adam Button at www.forexlive.com.