High inflation moderated a wee little bit in April, satisfying nobody. President Biden now says fighting inflation is his top priority, but markets don’t seem to believe him. Stocks are manic, gas prices are at new record highs, homes are getting more expensive and something weird is happening in crypto that may or may not spill into the broader economy.
Inflation in April was 8.3%, down from 8.5% in March. Okay sure, it went down, not up, great, but economists thought it would drop by…
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