It was a very volatile week of trading following the inline CPI report. With the market rocketing higher but had a tough time digesting the inflation data, only to give all those gains back on Wednesday. Then on Friday, the University of Michigan added another unexpected wrinkle when its survey of inflation expectations over the next 5 to 10 years climbed to 3.2%, much higher…
This story from seekingalpha.com was posted on 2023-05-14 by @sunbeam.