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CPI increase came in at 4.2% vs expected 3.6%.
Posted on 5/12/21 at 7:34 am
Posted on 5/12/21 at 7:34 am
With as inflation sensitive as the market is right now, this might lead to another selloff today.
LINK
LINK
This post was edited on 5/12/21 at 7:36 am
9
Posted on 5/12/21 at 7:39 am to GeneralLee
Sleepy Joe helping the little man afford gas and fresh food.
This post was edited on 5/12/21 at 6:10 pm
Posted on 5/12/21 at 7:40 am to GeneralLee
Futures down 200 points on the Dow.
Posted on 5/12/21 at 7:43 am to GeneralLee
4.2% YoY after an April 2020 .3% YoY. 2.2% annualized number over the last two years.
The Fed is targeting long run inflation of 2%. They’re not going to be phased by these numbers. They’ve said they’ll let it run hot to target that long term number.
The Fed is targeting long run inflation of 2%. They’re not going to be phased by these numbers. They’ve said they’ll let it run hot to target that long term number.
Posted on 5/12/21 at 7:56 am to GeneralLee
THIS market does the exact opposite of what you think and what makes sense. Expect a rally.
Posted on 5/12/21 at 9:21 am to GeneralLee
Can’t just keep printing money. If that $4 trillion “stimulus infrastructure” bs gets passed, it’ll get much worse.
Posted on 5/12/21 at 10:04 am to GeneralLee
It’s not that bad once you take out househokd expenses like food, gas, housing, medicine, and automobiles
Posted on 5/12/21 at 12:05 pm to GeneralLee
Posted on 5/12/21 at 5:35 pm to GeneralLee
A lot of this is reopening outliers.
Posted on 5/12/21 at 8:03 pm to GeneralLee
I got a just above a 3% raise last year. I guess I am going backwards
This post was edited on 5/12/21 at 8:11 pm
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