FOMC decision:
• Rates unchanged.
• Bowman and Waller dissented in favor of a cut.
• Marking to market the first two paragraphs of the statement, but no notable wordsmithing.
Core CPI was softer than expected in February, rising 0.23% on a seasonally adjusted basis.
The year over year increase was 3.1%
Headline CPI rose 0.22% in February and was up 2.8% on the year.