Stocks Surge as Inflation Remains a Thorny Issue The recent upswing in US stock market indices – the Dow, S&P 500, and Nasdaq – has been met with a mix of relief and skepticism.
Investors seem to be taking the latest Consumer Price Index (CPI) data in stride, but inflation remains stubbornly high. August CPI numbers were in line with expectations, but prices rose by 0.
4% on a monthly basis and 3. 4% year over year. This is particularly concerning given the Federal Reserve's long standing goal of keeping inflation below 2%.