Investors got some good news on Tuesday after a popular measure of inflation came in lower than expected in November. The Labor Department reported that the consumer price index (CPI) rose 7.1% in November, down from a 7.7% gain in October and less than the 7.3% increase economists were expecting
www.forbes.com
Yes, it's still with us.
And will be a bigger issue, by far, than abortion as polling is already showing.
The board has a bunch of abortion threads on the front page, but nothing on what people are really concerned about.
So here you go....
Dashing hopes
inflation was starting to level off, the Labor Department reported that the Consumer Price Index (CPI) in May grew by its highest level since 1981.
CPI rose 8.6% in the month, up from 8.3% in April, exceeding the 8.3% gain economists were expecting. On a month-over-month basis, CPI rose 1% compared with April, topping expectations for a 0.7% gain.
The May CPI data is only the latest indicator suggesting that inflation remains elevated and has not yet peaked in the U.S. The S&P 500 initially dropped by nearly 1% on Friday morning following the disappointing May inflation report.
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This could mean another interest rate hike and that would just about assure a recession.