, Columnist
Trump Gets a Break From Final Biden Inflation Data
Wall Street finds fresh exuberance, while any doubt that living became more expensive under the outgoing administration is dispelled.
Investors await the executive orders.
Photographer: Saul Loeb/AFP/Getty Images
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And, breathe. Wednesday’s US inflation data showed that the rate of price rises was falling, and that pressure was a bit milder. That it led to a massive “risk-on” rally is testament to the amount of nerves that had developed. While the numbers did indeed show inflation coming under control a slightly greater deal than had been expected, they left no clarity about the way ahead.