'I'm Playing A Bit Of Defense': Experts React To 4.2% CPI Inflation
By Bryan in Business
Updated 3 years ago
The SPDR S&P 500 ETF Trust (NYSE:SPY) traded lower by 1.7% on Wednesday after the U.S. Consumer Price Index rose 4.2% in the month of April, its largest increase since September 2008. April's inflation increase exceeded consensus economist estimates of 3.6%. Fed Not Alarmed: Federal Reserve vice chairman Richard Clarida...
