BIDENFLATION is about to get worse...
https://www.axios.com/get-ready-for...ort-de2b1d26-3abc-4be4-90d5-9f180b946c2e.html
A new inflation reading is due out Tuesday morning, and it looks to be a doozy. The Consumer Price Index for March will reflect the surge in energy prices tied to the war in Ukraine, which is likely to push the headline number to yet another multi-decade high.
Why it matters: The biggest question facing the economy now is whether inflation will come down on its own, or require such aggressive Federal Reserve action as to bring a recession. The new numbers will provide fresh evidence of which reality we're living in.
https://www.axios.com/get-ready-for...ort-de2b1d26-3abc-4be4-90d5-9f180b946c2e.html
A new inflation reading is due out Tuesday morning, and it looks to be a doozy. The Consumer Price Index for March will reflect the surge in energy prices tied to the war in Ukraine, which is likely to push the headline number to yet another multi-decade high.
Why it matters: The biggest question facing the economy now is whether inflation will come down on its own, or require such aggressive Federal Reserve action as to bring a recession. The new numbers will provide fresh evidence of which reality we're living in.
- Beyond the headline number, the report will include crucial evidence of whether the forces that have driven inflation — largely affecting goods — are starting to fade, and whether rising prices are spreading further into services.
