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Why The CPI Inflation Number Was Not 'A Bearish Gamechanger' For Stocks
Friday, May 14, 2021 - 10:20am | 567The SPDR S&P 500 ETF Trust (NYSE: SPY) took a big hit this week after the U.S. Labor Department reported a 4.2% rise in CPI for the month of April, the highest inflation reading since 2008. The big inflation number spooked investors who are concerned the $6 trillion in COVID-19 stimulus...