Where Were You in ’82? This Rally Is There Again
Animal spirits are trampling any lingering inflation or tariff doubts.
Then...
Source: Bettmann/Getty
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It’s a good sign when inflation data no longer seem to matter that much. The latest readout of the US consumer price index, with a headline rise of 2.3%, was indeed comfortingly dull. In April, when import tariffs briefly hit their highest rates in more than a century, steady disinflation continued as though nothing had happened. This was the third month in succession that inflation declined and came in below expectations.