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.
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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.