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Annual US CPI gained by 5% (13-year high), a 0.3% overshoot to the consensus of 4.7%. This is the third reading since April that the metric exceeded the Fed’s target of 2% and it might be indicative of underlying economic pressures that Powell wants to dismiss as transitory. Inflation exlcuding food and energy came in […]


1 Comment »

  1. It’s worse in my country, for every dollar our government collects, 3/4 goes to paying debts and we are always in deficits hence more borrowing and sky rocketing taxes. A political mess


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