Inflation Reached 31-Year Highs in October
Jerome Powell suggests it’s time to stop describing inflation as ‘transitory’ So now we know...Inflation isn’t going anywhere — but prices certainly are. The latest Consumer Price Index for October recorded a 6.2 percent increase. It’s the largest increase in over 30 years and far outpaced economists’ expectations of a 5.9 percent spike. October’s data represents months of faster …
