PVG Market In A Minute - October 19, 2021
- PVG Admin
- October 19, 2021
Last week, the CPI was reported up .4% month over month or annualized at 4.8%. Retail Sales were also reported, up .7%, so over half the Retail Sales increase was due to inflation. Clearly, inflation is eating away at the consumers purchasing power. You cannot make this up: Biden’s Chief of Staff Ron Klain said that inflation was a high-class problem.