Investors who have been craving for some volatility this week had their wishes fulfilled following the December inflation report that showed prices rising at their fastest rate in almost 40 years!
The consumer prices index (CPI) jumped to 7% year-on-year, up from 6.8% in November while matching the median forecast from economists surveyed by Bloomberg. Core inflation, which strips out volatile items like food and energy rose 5.5%, well above the 4.9% reported in the previous month. This hot report should provide investors further evidence of persistent US inflation and reinforce… Read More:
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