Jeffrey Rosenkranz Joins GOBanking Rates to Discuss the Recent CPI Report

Despite a drop in gas prices and rate hikes, inflation was still higher than expected in September. Despite headline inflation decreasing by 0.1%, core CPI is now at a four-decade high. Jeffery Rosenkranz, Portfolio Manager, Shelton Capital Management, called it “a disappointing backslide from recent improving trends.” The sentiment was echoed by several experts who believe this latest figure will further cement the Fed’s hawkish monetary stance.

Read the whole article here: September’s Consumer Price Index Shows Inflation Higher Than Expected After Fed Rate Hikes

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