Today the Labor Department released its Consumer Price Index (CPI) report showing a slowdown in inflation, which has been widely cited as the catalyst for the modest gains in the market today. It’s unsurprising that this report would hold so much sway…
Consumer chatter surrounding the Inflation Fear is at all-time high in 2021, with mentions of inflationary concern trending +73% YoY on a 90-day moving average.
Much of the recent discussion has cropped up around topics such as a proposed $15 minimum wage, government stimulus, and FOMC actions.
It’s probably not a coincidence that we’ve seen the price of speculative assets like cryptocurrencies booming in the same period.