The Fed has stated pretty steadily that they are on this measured pace of tightening, and investors will be looking to see that they maintain that pace.

The decline in the core rate is very good news; it confirms that inflation continues to remain subdued, ... It shows that prices outside of energy are actually falling, which is great news for the Federal Reserve.

In the last couple of weeks, market participants forgot about the idea of a tightening, ... People woke up to the idea that maybe the tightening isn't over.

The numbers confirm the perspective that the market has already priced in -- that the Fed will move to a neutral directive at its meeting next week.

What I fear is that these numbers are not telling us everything, ... The worst news on the jobs front is yet to come in the next six months, which I think is still going to give room for the Fed to ease.

I think that the bottom line is that for people thinking that the economy is slowing down, that is certainly not the case.

I think that merging the resources of the two certainly is going to give some others a run for the money.

A weaker yen against the dollar.