The investment world eagerly awaited today's latest US inflation update and it did not disappoint as price inflation continues to rage, destroying savings and incomes in its wake.
But I'm sure a few fed funds rate hikes will fix this... <eye roll>
Your latest CPI came in hotter than expected. It showed a continuing and, in some respects, worsening situation. Annualized inflation remains at 8.3% and the MoM reading came in hotter than expected. But it was some of the internal dynamics that were most concerning... not for The Fed, of course, they'll eventually show...
