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U.S. Inflation Hits 39-Year High. What’s Propelling The Steep Rise In Prices?

U.S. Inflation Hits 39-Year High. What's Propelling The Steep Rise In Prices?

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On Jan. 12, the U.S. Labor Dept. reported that its CPI – which measures what consumers pay for a broad array of goods and services – leapt by 7% in December on a YoY basis. Importantly, because the inflation report fell in line with the expectations of most economists, market reaction to the numbers was relatively muted, Eitelman noted.

...read full article on Seeking Alpha

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