The Battle Lines Are Drawn.
While the FBI searching Trump’s home at Mar-a-Lago and its aftermath might have been the biggest deal in the civilian media last week, it was a complete non-event as far as the financial markets were concerned. There was only ever going to be one story last week. Well, maybe one and a half.
Data released on Wednesday showed that the Consumer Price Index (CPI) measure of retail inflation was unchanged in July after a 1.3% rise in June, as gasoline prices fell sharply, offsetting continued increases in food and shelter costs. The year-on-year increase was 8.5%, down from 9.1% in June. The Core…
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