Will Hot Inflation Spark Selling?
This will keep the Fed sidelined and interest rates are rising.
PRE-OPEN MARKET COMMENTS WEDNESDAY - The market has been able to shoulder hot inflation readings and PPI increased 1.4% in the last month. We didn't need this report to tell us that prices are moving higher, we just had to fill up our gas tank or shopping cart. The big questions are how long will it last and how long will the market tolerate it?
Daily Bulletin Continues...