Investors struggling with the shape of the recovery of Covid-19 have the same blind spot as they did after the financial crisis: They do not know how inflation works. The S&P 500 hit new highs this month, despite the devastating effects of the pandemic. However, market expectations of inflation returned …
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Text size Three figures to start your day: Core Consumer Price Index rose 0.6% in July It is the fastest monthly increase since 1991. The CPI follows a course of consumer goods and is a frequently cited measure of inflation in the US. The core CPI excludes liquid food and …
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Text size Getty Images U.S. equities stand despite the lack of progress in efforts to negotiate another stimulus package and further data showing strengthening inflation. Shortly after the open, the Dow Jones Industrial Average averaged 263 points, or 1%, up 27,950. The S&P 500 also advanced 1%, while the Nasdaq …
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