“Horrible”… “Brutal”…”A Disaster For Democrats”: A Shocked Wall Street Reacts to Today’s CPI Nuclear Bomb
13th October 2022
For all the talk of the world being on the verge of nuclear war courtesy of the dementia patient in the White House, a real life financial nuke just went off at 8:30am when the BLS reported a shocking CPI print so unexpectedly hot (a 2.9-sigma upside surprise to consensus), that even the bears were shocked. The result was… well, an absolute disaster doesn’t even begin to cut it.
I guess Janet Yellen was wrong; the economy is not in good shape at all.