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The CPI for July Was a Mixed Bag of Good and Bad, Here’s the Details
Summary by Mish Talk - Global Economic Trend Analysis
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The CPI Report: When Good News Is Bad News and Bad News Is Also Bad News
So here’s the thing about this week’s inflation report: it’s basically a financial Kobayashi Maru. You know, that Star Trek test where there’s literally no way to win? Yeah, that’s where we are with the July CPI data. The consensus is expecting inflation to tick up to 2.8% year-over-year from June’s 2.7%. Sounds reasonable, right? Wrong. Because in today’s market, literally any outcome could send stocks into a tailspin faster than you can say “F…
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