The Inflation Number Everyone Is Reading Wrong

Inflation just hit 4.2%, the highest level in three years.
But here’s the key detail: core inflation rose only 0.2% for the month.
That means the broader economy may not be overheating. The real pressure is coming from energy, especially gasoline.
So the big question is whether the Fed treats this like normal inflation or recognizes it as an oil-driven supply shock.

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