Thursday may bring a historic CPI reading, estimated to come in at the highest level in 40 years around 8% year-over-year.
Readings like this really cast in to doubt the strength of the real (vs nominal) economic recovery.#inflation pic.twitter.com/CtbvZ6Z1xt
— Markets & Mayhem (@Mayhem4Markets) March 7, 2022
Jerome Powell’s balancing act of trying to tame inflation without tanking the economy is a difficult feat. Russia’s invasion of Ukraine has made it even harder https://t.co/NIIg6XLEVj
— Bloomberg Markets (@markets) March 9, 2022