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QVMS - The Case For Transitory Inflation Stands - For Now
Invesco S&P SmallCap 600 QVM Multi-factor ETF
The October reading of the Consumer Price Index-the most widely used gauge of inflationary pressure in an economy-registered the biggest monthly increase in over 13 years.
While employment has recovered from the depths of April 2020, we are still 7.6 million workers short of the pre-pandemic trend.
Consumer price inflation is likely to prove transitory, although the transition will be measured not in weeks but in quarters.