“I don’t mind going back to daylight savings time. With inflation, the hour will be the only thing I’ve saved all year.” – Victor Borge, Danish comedian
The Consumer Price Index (CPI) came in higher than expected on 9/13. Global stock markets responded with the largest one day drop since 2020.
Was the ugly loss justified or did the market get it wrong?
Pure Portfolios’ President & Chief Investment Officer unpacks the latest CPI report, reads the inflation tea leaves, and discusses the future path of interest rates.
Let us know what you think about inflation at firstname.lastname@example.org