#inflation #interestrates #staflation #portfoliomanagement
Despite Continued Nonsense, the New CPI is “Unexpectedly” High
The U.S. Bureau of Labor Statistics reported a May Consumer Price Index (CPI) of 8.6%. This was above last month’s 8.3%, representing an increase in inflation as opposed to the hoped-for decrease. Market forecasters were expecting 8.2%. and Yahoo Finance described the 8.6% number as “unexpectedly” high. This wouldn’t have been “unexpected” to any reader … Read more
