Investors πŸ’° Gear up For The Biggest Inflation in Nearly Last Four Decades πŸ“‰

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Investors πŸ’° Gear up For The Biggest Inflation in Nearly Last Four Decades πŸ“‰

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Wall Street has anticipated that the consumer price index on December 10 will reflect a 0.7% gain for the month of November, which will turn into a 6.7% rise from a year ago. If the estimated rates are correct, it will mark the highest year-over-year level since the last 40 years.

On the morning of December 10, the Labor Department will publish November’s consumer price index, which is an estimate that measures the cost of various products including, gasoline, ground beef, frozen vegetables, flowers, indoor plants, among others. 

Although the increase in inflation is barely news to the market, investors have witnessed a range of data points in recent months that demonstrate their biggest levels in decades. Actually, a few economists also think that inflation could even go beyond 7%.

While the markets expect a high reading, investors are worried about the actions that the Federal Reserve will take thereafter.

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