Fed Policy At A Critical Juncture; A Policy Misstep Likely Spells Trouble
State Initial Claims (NSA) Universal Value Advisors Despite the rise in the CPI to a 39-year high, as reported on Friday, the S&P 500 closed at a record high. At 6.8% Y/Y (+0.8% M/M), annual inflation rose at the fastest pace since 1982. Core inflation (ex-food and energy) rose more modestly (+4.9% Y/Y) (+0.5% M/M). Still the Y/Y …
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