Inflation problems persist — no thanks to consumer resilience 😭

Good news is bad news, though some bad news is good news 🙃

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

We’ve discussed how Fed-sponsored market beatings would continue until we got “clear 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…