Replies to post #376809 on Tornado Alley (PROG)

[blackhawks]

You have the same f'ing problem as she has, No likee Biden therefore economic doom and gloom.

This backs up exactly the points I made to her

https://www.cnbc.com/2021/06/10/inflation-hotter-than-expected-but-transitory-wont-affect-fed-policy.html

MARKET INSIDER

Inflation is hotter than expected, but it looks temporary and likely won’t affect Fed policy yet

PUBLISHED THU, JUN 10 202111:49 AM EDTUPDATED AN HOUR AGO
Patti Domm
@IN/PATTI-DOMM-9224884/
@PATTIDOMM

Consumer prices rose sharply in May, with the CPI jumping 5%, more than economists expected.

Stocks rose and bond yields fluctuated after market pros decided the hot inflation report wouldn’t lead to any changes in the Fed’s easy policy.

Economists said there are signs that rising prices could be temporary since they are centered in areas impacted by the pandemic.