Power & Market
Author:
Nathan J. Richendollar
Online Publish Date:
Last month, the Labor Department reported that the CPI rose at its fastest rate since 1990: 0.9% for the month of October and has risen 6.2% since last year, beating Wall Street consensus estimates of 0.6% and 5.9% for those metrics, respectively. Perhaps most tellingly, the monthly acceleration in prices still clocks in at 0.6% monthly when the