Inflation Came In Hotter Than Expected

To investors,

The inflation report came in this morning and people’s brains are in a blender. Here are the facts:

1. CPI was reported at 2.4% year-over-year

2. Core inflation was reported at 3.3% year-over-year

The confusion is coming from how the market will interpret this data. On one hand, you have commentary from Washington Post’s Heather Long that positions …