PGJ - Wall Street Breakfast: Inflation Gets Worse
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Inflation gets worse Check out Wall Street Breakfast's new Seeking Alpha show The Weekend Bite! On this week's episode we discuss the one stock to buy right now (hint: it's in the semiconductor space) with Steven Cress, Head of SA's Quant Strategy, and take a deep dive into current employment trends with Indeed.com's Head of Research Nick Bunker.Inflation took a turn for the worse in February as U.S. consumer price growth rose by 7.9%, representing the largest 12-month increase since January 1982. Core CPI, which excludes volatile food and energy - and is the Fed's preferred gauge of inflation - even advanced 6.4% Y/Y, according to the Labor Department's Bureau of Labor Statistics. All the numbers were gathered before the supercharged commodity rally driven by Russia's
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Wall Street Breakfast: Inflation Gets Worse