Inflation Rate Dodged Worse Number, Experts Say
While the 6.8% jump was dramatic, it was short of the 7% level that some analysts thought would be a sign of future risk.
The record setting inflation that was announced Friday didn’t hurt U.S. bonds as much as expected and markets seemed to shrug off the number.
While the 6.8% consumer price index climb is concerning, there are signs that the market sees this as temporary — and that the number is both lower than expected and a sign of a topping out.
Read more here.