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IWL - There Are Lots Of Headwinds And No More Tailwinds
iShares Russell Top 200
Consumer Price Index
The Consumer Price Index rose 0.6% for a second month in a row, driven by autos, gasoline, clothing and airfares, but the year-over-year rate remains a tepid 1%. This is down from the 2.5% rate at the start of the year. The core rate, which excludes food and energy, also rose 0.6% and is up 1.6% over the past year. This resulted in real (inflation adjusted) average hourly earnings rising 3.7% over the past year, but this figure is misleading right now, because millions of low wage workers are unemployed, boosting the