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Inflation problems persist β€” no thanks to consumer resilience 😭

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Inflation problems persist β€” no thanks to consumer resilience 😭

Good news is bad news, though some bad news is good news πŸ™ƒ

Sam Ro, CFA
Jul 17, 2022
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Inflation problems persist β€” no thanks to consumer resilience 😭

www.tker.co
Consumers are helping to drive prices higher. (Source: Getty Images)

We’ve discussed how Fed-sponsored market beatings would continue until we got β€œclear and convincing” evidence that inflation was coming down.

We did not get that evidence last week.

On Wednesday, we got a surprisingly hot consumer price index (CPI) report that followed last month’s surpri…

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