Don’t Be Fooled by “Cooling Inflation” in the CPI

The moment the Consumer Price Index (CPI) was released by the Commerce Department at 7.7% the market cheered.All indexes opened up big and kept going higher.The NASDAQ Composite finished up over 7%, its best “CPI Day” run ever, and one of its largest one-day moves ever. Let me tell you why this is not good news... Tags: CPI , Inflation The post Don’t Be Fooled by “Cooling Inflation” in the CPI appeared first on Money Morning - We Make Investing Profitable .