Market experts react to higher than expected CPI report: 'The Fed is losing its inflation fight'

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Economic experts discussed their concern about the economy on Twitter after the Department of Labor released its monthly CPI report Thursday.

for 56% of Americans and various polls have revealed inflation to be a top issue heading into the 2022 midterm elections.

"For the Fed, the September CPI report seals the case for a fourth consecutive 75-basis-point hike. It calls into question the modal outlook from three weeks ago—that the Fed might be able to stop raising rates after 50 bps in December and 25 in February," Timiraos tweeted.

 

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“Every statue and street building has been renamed, every date has been altered. And the process is continuing day by day and minute by minute. History has stopped. Nothing exists except an endless present in which the Party is always right.” - George Orwell, 1984

Why did the market close 800+ points up? Seems like a weird part to leave out.

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