CPI Wednesday Delivered Very Bad News

CPI Wednesday Delivered Very Bad News
People shop at a grocery store in New York City on May 31, 2022. Samira Bouaou/The Epoch Times
Jeffrey A. Tucker
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Commentary

On July 12, financial markets were roiled by an early release of the Consumer Price Index that turned out to be a fake. It looked real, and markets were flooded with sellers because the number came in at 10.2 percent year over year. That would imply more extreme efforts by the Federal Reserve to crack down.

Jeffrey A. Tucker
Jeffrey A. Tucker
Author
Jeffrey A. Tucker is the founder and president of the Brownstone Institute and the author of many thousands of articles in the scholarly and popular press, as well as 10 books in five languages, most recently “Liberty or Lockdown.” He is also the editor of “The Best of Ludwig von Mises.” He writes a daily column on economics for The Epoch Times and speaks widely on the topics of economics, technology, social philosophy, and culture. He can be reached at [email protected]
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