Stocks in the U.S. traded sharply lower this week as inflationary pressures continued to mount. On the inflation front, April’s consumer price index (CPI), a key measure of inflation, rose 0.3% month over month and 8.3% year over year. While an improvement from last month’s 8.5% reading, the headline number was above the consensus estimate of 8.1% and remains well above the Federal Reserve’s long-term target.
Investors Watch as Inflationary Pressures Continue to Mount
May 11, 2022