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The August Consumer Price Index surprised to the upside, ramping up expectations for another aggressive Federal Reserve rate hike. It also reveals a big problem for the Fed that most people haven’t come to grips with yet. The headline annual CPI number did cool a bit falling to 8.3% from 8.5% in July. But month-on-month, […]
The post The CPI Is Not Cooling and That’s a Big Problem for the Fed first appeared on SchiffGold.