Markets Today’s economic center piece was US CPI. Inflation in December rose 0.5% m/m to be up 7% year-on-year. That’s up from 6.8% the month before and the highest since June 1982! The less volatile core gauge not only accelerated y/y, from 4.9% to a three-decade high of 5.5%. Monthly price dynamics also quickened, from […]

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