Wall Street Faces All the Same Reflation Doubts After CPI Beat
- Consumer prices jump more than forecast but could be temporary
- Print “not enough to get the Fed to flinch”: Mayfield
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After weeks of drift and doubt, Wall Street was looking for a decisive signal on price growth to help put the reflation trade back on track. Instead it got another mixed message.
Prices paid by U.S. consumers rose in May at the fastest pace since 2008, yet the details of data released Thursday supported the Federal Reserve’s view that the jump will prove transitory.