Don’t Be Fooled by “Cooling Inflation” in the CPI
The moment the Consumer Price Index (CPI) was released by the Commerce Department at 7.7% the market cheered.All indexes opened up big and kept going higher.The NASDAQ Composite finished up over 7%, its best “CPI Day” run ever, and one of its largest one-day moves ever.
Let me tell you why this is not good news…
The post Don’t Be Fooled by “Cooling Inflation” in the CPI appeared first on Money Morning – We Make Investing Profitable.
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