(Reuters) - "This morning, with the PPI release, will be a test of last Friday's lows," said John Spinello, Treasury bond strategist, with Jefferies & Co. in New York.
If the core reading were to match the consensus forecast, that would still be a "somewhat comfortable" year-over-year rate, Spinello said; within the Fed's perceived comfort zone of between 1 and 2 percent for core inflation measures.
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