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Fed Hit With Horrendous Inflation Report In Body Blow To Soft Landing
Bad news!
Consumer prices in the US rose at a brisker-than-expected rate in January, decidedly cruel data foisted upon otherwise happy markets showed.
Core price growth was 0.4% last month, the BLS said Tuesday. That was the warmest MoM reading since May, and came as a bitter disappointment for investors who might've mistaken benign annual revisions released last week as something akin to an all-clear.
On a 12-month basis, core CPI rose 3.9%, two tenths hotter than consensus expected and un
