BREAKING: Inflation Data Worse Than Expected, Prices Jump 5.4%

Consumer prices are out for the month of July, and it seem the trillions of dollars in government spending and printing has officially caught up with the economy, as consumer priced marched higher again in the latest month.

The U.S. Bureau of Labor Statistics released July’s Consumer Price Index (CPI) data on Wednesday showing a 5.4% year-over-year (or 0.5% on a month-over-month basis.)

This follows June’s 0.9% monthly gain, which was also 5.4% year-over-year. Experts had estimated a rise of 0.5% for July and 5.3% year-over-year, meaning inflation was hotter than expected.

- Advertisement -

The CPI data is a crucial factor in determining monetary policy.

While the Fed continues to claim that inflation is “transitory,” and not in any way connected with its trillions upon trillions of money printing, investors fear the Fed will eventually have to recognize the danger of escalating prices.

If the CPI spikes too much too soon, the Fed might be compelled to raise interest rates. Higher rates will likely crush inflated stock valuations. It could also prick the corporate debt bubble.

- Advertisement -

Related Articles

Stay Connected

165,526FansLike
702,602FollowersFollow
41,600SubscribersSubscribe
- Advertisement -

Latest Articles

Get The Full Story From Me

Conservative Media is under attack from Big Tech. Please join my 100% FREE NEWSLETTER.

  • https://chrt.fm/track/23284G/traffic.omny.fm/d/clips/5e27a451-e6e6-4c51-aa03-a7370003783c/d93acfd6-a015-4c06-8697-ad42013d1e7d/a3d19ac6-dc96-485b-826d-ae80002084cd/audio.mp3