The consumer price index increased 4.2% year over year in April and 0.8% from the prior month. Economists were expecting a 3.6% year over year gain and 0.2% gain from March figures.
The higher-than-expected figure stoked further concerns that the Federal Reserve is misreading the inflation story. The US central bank has signaled that inflationary pressures will only be transitory.
Every day is starting to look the same. Those that saw the massive gains in tech are taking profits.
Many investors have seemingly moved to crypto, yet traders (day & swing) seem divided between options and futures.