Wall Street

Oil A Tad Lower, Gold Pares Losses

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Inflation not ready to peak, Record low for Consumer Sentiment, Oil a tad lower, Gold pares losses, Bitcoin crash risk – OANDA US stocks tumbled after a hot inflation report removed any chance for the Fed to pause tightening in September. Inflation hit a fresh 40-year high at 8.6%, much hotter than the highest estimate, and probably still not the peak. CPI readings are skyrocketing and unfortunately that may continue for another report or two as shelter, gasoline, and food prices are the biggest drivers. Q1 2022 hedge fund letters, conferences and more This was a very bad inflation report for …

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