Inflation Rattles Wall Street
AIC3.ai(AI) InvestorPlace·2024-02-14 07:47

CPI comes in hotter than forecasted … how AI will lead to massive wealth concentration … will the future be utopian or dystopian? … leveraging AI for lifechanging portfolio returns Inflation didn’t do what Wall Street wanted this morning. The Consumer Price Index rose 0.3% in January and 3.1% year-over-year. Both readings were higher than the respective forecasts of 0.2% and 2.9%. Core CPI, the Fed’s preferred measure of CPI which strips out volatile food and energy prices, also topped expectations. It was ...