Inflation Prints Put Short-Term Pressure On Fed, Atlanta Fed Study Suggests 25% of Labor Decline From Substance Abuse

There were more hot inflation numbers this week. CPI came in at 8.5% which was the highest pace in over four decades. PPI was even higher at 11.2%. This was the seventh consecutive increase in inflation. The news of course was more complex than just the headline number. White-hot numbers were expected but core CPI increased at a less frequent clip than economists expected. In fact, core CPI only rose 0.3% in March compared to an expected pace of 0.5% that was seen in February.

The contributi...

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