Oh No…
June 10, 2022
As the Federal Reserve decides its next move, Friday's dreadful inflation number will haunt its deliberations. May's 8.6% headline jump in consumer prices was a shock. High inflation is not the only worry for investors. Global growth is being hit by war, China's slowdown, and the financial squeeze that central banks are setting in motion. The US economy has remained buoyant and with plentiful employment. How long can that last with rising inflation and rates?
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