How Can A CPI Now Above Six Price Like This?
The BLS said today its Consumer Price Index rose by 6.2% in October 2021 when compared to October 2020. This was the largest annual increase since Alan Greenspan was giving up on M2 three decades ago. Perhaps most concerning, after having taken a few months “off” prices re-accelerated last month reigniting fears of a 70s-style monetary runaway.But, as we saw [...]
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