Everybody’s unhappy with the latest inflation report, which shows that the annual change in price increases dropped by just one-tenth of a percentage point, from 8.3% in August to 8.2% in September. The Federal Reserve has been jacking up interest rates to force prices down, and inflation is turning out to be a stubborn foe. Investors keep hoping for a break in the data, showing the Fed’s medicine is starting to work. It keeps not happening.
While overall inflation remains high, some…
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