The collective groan you may have heard on Wednesday at 8:30 am was bankers and borrowers absorbing the latest Consumer Price Index report, which showed inflation ticking up stubbornly to an annualized rate of 3.5%. While this is down from 4.9% a year ago, it is up from 3.1% in January and 3.2% in February. The settling out of inflation now looks more like a hammock than a grave (although hopefully not a trampoline). The stock market reacted poorly to the news, posting its worst week in over a year.
Inflation's Groan
Inflation's Groan
Inflation's Groan
The collective groan you may have heard on Wednesday at 8:30 am was bankers and borrowers absorbing the latest Consumer Price Index report, which showed inflation ticking up stubbornly to an annualized rate of 3.5%. While this is down from 4.9% a year ago, it is up from 3.1% in January and 3.2% in February. The settling out of inflation now looks more like a hammock than a grave (although hopefully not a trampoline). The stock market reacted poorly to the news, posting its worst week in over a year.