To Investors,

The market was hoping to see lower inflation numbers yesterday morning, but those hopes were short lived as inflation numbers came in hot.

  • Headline numbers clocked in +0.6% higher month over month
  • December inflation numbers were revised higher from the previous estimate and in my opinion are still low as the government excludes certain items in their inflation calculation, which is rather disingenuous.
  • Year-over-year inflation came in at 7.5% higher, the highest inflation rate since the late 80s.

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