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Published 1 month ago

"Obviously, This Is Very Bad News For Biden": Wall Street Reacts To Today's Red Hot Inflation Print

Summary by Zero Hedge
"Obviously, This Is Very Bad News For Biden": Wall Street Reacts To Today's Red Hot Inflation Print Coming into today's CPI number, which followed three previous red-hot inflation prints, we said that it's time for a "miss" (the first of 2024) not because the data demands it - on the contrary, prices continue to rise at a frightening pace - but because a dovish CPI print today would be the last opportunity for the Fed to set a timetable for a ra…

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"Obviously, This Is Very Bad News For Biden": Wall Street Reacts To Today's Red Hot Inflation Print

"Obviously, This Is Very Bad News For Biden": Wall Street Reacts To Today's Red Hot Inflation Print Coming into today's CPI number, which followed three previous red-hot inflation prints, we said that it's time for a "miss" (the first of 2024) not because the data demands it - on the contrary, prices continue to rise at a frightening pace - but because a dovish CPI print today would be the last opportunity for the Fed to set a timetable for a ra…

1 month ago·United States
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