Market Commentary: Inflation, Potential Rate Hikes, Russia-Ukraine Tensions Weigh Heavily on Markets
Inflation continues to move sharply higher. The Consumer Price Index (CPI) rose 0.6% last month and is up 7.5% in the last 12 months. The annual gain is the highest since February 1982. Big gains in energy and food helped fuel the outsized price hikes. Core CPI, which excludes food and ener …