`Peak inflation will have to wait ‘: traders see three more 8% -plus US CPI readings despite falling gas prices
“Staggering.” “Ugly.” “Brutal.” And. “Out-of-date.” Those are some of the words that investors, analysts, and even President Joe Biden, used to sum up the US June consumer price index report released on Wednesday. The report produced a 9.1% annual headline inflation rate, an almost 41-year high, that surprised financial markets by coming in even hotter…
