Still Unclear.
Those of us hoping for a clearer picture to emerge from the release of the January’s Consumer Price Index (CPI) measure of retail inflation and other subsequent data were left sorely disappointed last week. If anything, things just became more confused.
Stocks drifted nicely higher on Monday as traders laid their bets ahead of the high-stakes inflation reports that would start arriving the following morning.
When CPI came out pre-market on Tuesday, it showed that consumer prices rose at a more rapid monthly pace in January, interrupting a months-long streak of cooler month-to-month readings…
The skinny
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