The Dow Jones staged a comeback today after Tuesday’s late-session collapse. Tech bulls returned, helping Apple and Microsoft lead the U.S. stock market higher. U.S. CPI beat expectations, suggesting the global recovery remains on track. The Dow Jones rallied today after a late-session collapse wiped out the index’s gains on Tuesday. As of 3:03 pm…
Inflation is disproportionately affecting the poorest 10% of Americans. Rising home prices and groceries affect those worst hit by the pandemic. How many more crises can the Fed pile on the backs of working Americans? As if anyone needed more proof that the pandemic has disproportionately impacted the most vulnerable, Bloomberg found some. Inflation has…
Image: Photo by WANG ZHAO / AFPChina’s consumer price index (CPI) rose above trend in August, fueled by a continued surge in food costs and weather-related supply shortages.Factory-gate prices, expressed by the producer price index (PPI), told a completely different story. The PPI gauge plunged deeper into deflation last month, the result of a bitter…
