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For the last few months, we’ve been seeing year-over-year numbers on the Consumer Price Index (CPI) — one of the main indicators of economic inflation — that have taken the wind out of the sails of bullish investor sentiment: first +7.0% in December, then a higher-than-expected +7.5% in January, and this morning it swoops up to +7.9% year-over-year CPI inflation. Ugh.
...read full article on Zacks Investment Research
