Inflation problems persist β no thanks to consumer resilience π
Good news is bad news, though some bad news is good news π
Weβve discussed how Fed-sponsored market beatings would continue until we got βclear and convincingβ 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 monthβs surpriβ¦