You love to see that they hate to see it.
As eagle-eyed stock-watchers will have heard by now, inflation numbers are looking pretty rosy, especially when compared to the heady days of “transitory” price hikes.
According to The Wall Street Journal, the Department of Labor reported Tuesday that prices rose 2.3 percent year-over-year in April, according to the Consumer Price Index report. This was a smaller rise than expected by economists.
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The core index — which includes food and energy prices subject to greater volatility — rose at 2.8 percent, the number expected by economists.
Not only was the 2.3 percent rise the smallest change year-over-year since February of 2021, energy prices were also down 3.7 percent from last year. Furthermore, the April report was
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