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Your Saturday Briefing: Troubling Times for US and UK

Plus how to flip EVs for profit and Apple’s new iPads

Inside an Apple store.

Inside an Apple store.

Photographer: Jeenah Moon/Bloomberg

Hello there.

A troubling thing happened this week. A red-hot CPI print was followed by the first increase in long-term inflation expectations in seven months, prompting some Fed officials to warn that interest rates may need to go even higher than they had previously targeted.