Concensus was about 4.5. When I saw that, I expected equities would tank.
Futures took a short term hit but are now looking quite positive.
On a + side, Jobless Claims dropped a little more this week. Not enough to offset that inflation rate, news wise. Wall street should be a little concerned the Fed may take bearish action.
But maybe not.
Must be some news I am missing.
Are you concerned about todays CPI numbers
wglassfo - June 10, 2021, 1:10 p.m.
Has inflation got your attention or is todays CPI number of no concern to you
I think by some good luck and other wise our family will survive inflation
I worry about my grand son as he has not seen the last big inflation
When all was said and done I went broke, during the last inflation
I wonder how the general population will be affected, today and in the future
Is this inflation "transitory" ??