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Ultra-Hot Inflation Print Sends Markets Reeling Anew


“This is a hot report and markets were anticipating that coming in today with pretty significant drawdowns the last two days. When you get down to the component that is the real average hourly earnings, year-over-year, those are coming down. That’s one piece of the puzzle that is good, the fact that wage-price pressures are easing. One of the things investors likely will start to express is that this is clearly in the rear-view mirror and we have clear evidence that some of the inflationary pressures have eased since June,” he said. 





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