If the number had been too strong, people would translate into the fact that the Fed would have to raise rates over a longer period of time.
In general it's going to be that type of week where the number of the day dictates the market.
Since it's a quiet day in economic news, I think retail sales numbers are the big story out there today, and they seem to be a little disappointing, especially clothing store sales.
The consumer price index was not a bad number at all. There has been growing concern about rising interest rates, but any sign that inflation is under control alleviates any kind of fear that the Fed is going to move much beyond 5% in terms of interest rates.