Despite seven consecutive 8%-plus annual headline inflation readings, financial markets are being complacent about the growing risk that the U.S. may be entering a prolonged 1970’s-style era of slower growth Read more
Tag: readings
`Peak inflation will have to wait’: Traders see three more 8%-plus CPI readings despite falling gas prices
“Staggering.” “Ugly.” “Brutal.” And …. “out-of-date.” Those are some of the words that investors, analysts — and even President Joe Biden — used to sum up the June consumer price Read more
Fed will have ‘zero patience’ for high inflation readings, economist
U.S. inflation is still likely to come down “in coming months” but the Federal Reserve has “zero patience” and will continue to hike its benchmark interest rate by 0.75 percentage Read more