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home / news releases / ACP - The Great Inflation Hype Running Low On Buyers


ACP - The Great Inflation Hype Running Low On Buyers

  • This morning we learned that US retail spending fell 1.3% in May (more than the -.80 expected).
  • Commodities have been sensing the shift, with the price of many key inputs like lumber (-42%), steel rebar (-18%) and copper (-9%) down sharply from recent peaks.
  • Increases in oil, gas and food are officially removed from CPI reports, but higher prices tend to prompt a general pullback in discretionary consumer spending; this also likely explains some of the spending retrenchment now.

For further details see:

The Great Inflation Hype Running Low On Buyers
Stock Information

Company Name: Aberdeen Income Credit Strategies Fund
Stock Symbol: ACP
Market: NYSE

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