September's Consumer Price Index (CPI) print saw core inflation rise 0.3% month-over-month and 4.1% year-over-year — in line with what was expected. Expert...
September's Consumer Price Index print saw core inflation rise 0.3% month-over-month and 4.1% year-over-year — in line with what was expected. Expert opinions seem to be mixed on what this means for the economy, some saying it shows healthy signs for the economy while others were expecting better numbers.
KPMG Senior Economist Yelena Maleyev and Jeffrey Kleintop, Charles Schwab Chief Global Investment Strategist, join Yahoo Finance Live to share their feelings on the Core CPI and how it relates to inflation and the economy moving forward. "The market was braced for a hotter report after a hotter PPI yesterday and hot jobs report on Friday," Kleintop says."So initial reaction to this may be muted, but inflation is proving to be stubborn, and that's likely to weigh on markets in Q4."Despite the recent volatility, I am bullish on this dividend stock due to its solid underlying businesses and healthy growth prospects.
'Don't invest in the US': Jeremy Grantham just issued a warning over American stocks, saying S&P 500 could crash by over 50% if 'a couple of wheels' fall off — here's where to look insteadNEW YORK — Donald Trump obtained hundreds of millions of dollars in loans using financial statements that a court has since deemed fraudulent, a retired bank official testified Wednesday at the former president’s New York civil fraud trial.
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