So, CPI came in with an annual rate of 5!
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Started by TimNew - June 10, 2021, 9:18 a.m.

Concensus was about 4.5.  When I saw that,  I expected equities would tank.

Futures took a short term hit but are now looking quite positive.

On a + side, Jobless Claims dropped a little more this week.   Not enough to offset that inflation rate, news wise.  Wall street should be a little concerned the Fed may take bearish action.     

But maybe not.

Must be some news I am missing.

By metmike - June 10, 2021, 10:48 a.m.
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Thanks Tim!

Consumer prices jump 5% in May, fastest pace since the summer of 2008

  • Headline consumer prices rose 5% year over year in May, the fastest pace since August 2008 and higher than Wall Street expectations.
  • The 3.8% rise in the core inflation rate, which excludes food and energy prices, was the sharpest increase in nearly three decades.
  • Surging used car car prices helped drive much of the inflation gains.
  • Initial jobless claims totaled 376,000, a touch higher than the estimate.

By metmike - June 10, 2021, 1:32 p.m.
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From Wayne:

                Are you concerned about todays CPI numbers            


                wglassfo - June 10, 2021, 1:10 p.m.            


Has inflation got your attention or is todays CPI number of no concern to you

I think by some good luck and other wise our family will survive inflation

I worry about my grand son as he has not seen the last big inflation

When all was said and done I went broke, during the last inflation

I wonder how the general population will be affected, today and in the future

Is this inflation "transitory"  ??