XIACF - Wall Street Breakfast: Is It Transitory?

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. Is it transitory?Get ready for some early action this morning as the consumer price index for April is published at 8:30 a.m. ET. The figure is expected to be the hottest in nearly a decade, rising 3.6% Y/Y, though economists have cautioned that the jump could appear larger due to the base effects of 2020 when prices were weak amid pandemic shutdowns. The Fed has also maintained that the pickup in inflation will be transitory, but traders in financial markets don't appear to be so sure.How is the CPI calculated? The measure uses a "basket of goods" approach that aims to compare the costs of various consumer goods and services. These can include transportation, food, rent, haircuts and medical care (80,000 items are included in the

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Wall Street Breakfast: Is It Transitory?